The post-debate headline from factcheck.org was “Obama And Romney Continue False, Misleading Attacks In Second Debate.”
Astronomical fare hikes and deep service cuts are possibly on the horizon for suburban commuters. It’s all because a major court ruling against the Metropolitan Transportation Authority has put the agency in a financial bind.
After months of bickering, congressional leaders have reached a compromise to prevent higher payroll taxes for 160 million Americans.
President Barack Obama warned on Tuesday that without a compromise on the payroll tax extension debate most of us will have lighter wallets come January.
An analysis shows the average worker in New Jersey saved about $872, or 22 percent more than the national average because the state has some of the nation’s highest paid workers. The cut is determined by income.
Five Republican New York State Senators say ditching the payroll tax in favor of East River tolls would bring in another $100 million for the MTA next year.
Under the compromise proposal cutting back Social Security payroll taxes, workers would pay a 4.2 percent tax rate instead of 6.2 percent – a $120 billion tax cut for workers, starting on Jan. 1.
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