Obama Taking Jobs Plan On The Road, Speaks In Richmond, Virginia

Stop permitting the media and officials to call this a tax cut. It is a reduction in the payroll deduction for Social Security Administra­tion programs. It is not a tax cut, it does not affect the amount withheld for either state of federal income tax. It is a withholdin­g reduction, much like reducing your 401K contributi­on from 10% to 8%.

Stop letting Obama get away with his careful “payroll tax reduction” smoke and mirrors to cover up the fact that he is the first President since FDR to cut Social Security revenues on a percentage basis.

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