Casey: Extend the Payroll Tax Cut


Sen. Bob Casey (D., Pa.) said the payroll tax cut should extended, arguing it is an economic growth driver in an interview with Greta Van Susteren Wednesday.

“The payroll tax cut we should reinstitute,” Casey said.

The White House has been non-committal about the payroll tax cut, despite President Barack Obama’s public push for its extension last year at this time.

“There are many tax provisions that are expiring at the end of the year and the president has said that the payroll tax cut, among others, should be on the table,” Alan B. Krueger, the chairman of the president’s Council of Economic Advisers, told reporters earlier this week.

Other Democrats, such as Minority Leader Nancy Pelosi (D., Calif.), have said the tax cut should expire. Republicans have also raised concerns about the lost revenue from the tax to fund Social Security, as the Free Beacon’s Andrew Stiles reported Wednesday.

Congress cut the payroll tax cut in December 2010, as a part of the original extension of the Bush tax rates, from 6.2 percent to 4.2 percent.