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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review March 30, 2012/ 7 Nissan, 5772

Twitchy Dems need to let workers put tax-cut money in retirement funds

By Deroy Murdock




http://www.JewishWorldReview.com | The temporary payroll tax holiday that Americans are enjoying now looks like a full-time component of the U.S. economy. So, it might as well be put to better use. Congress should let payroll tax cut recipients place some or all of this money in voluntary personal retirement accounts.

The payroll tax holiday was designed as a one-time measure to stimulate the drowsy economy. It reduced the individual portion of the Social Security tax from 6.2 percent of wages to 4.2 percent. Washington encouraged Americans to spend this money to increase aggregate demand and, thus, give the economy a badly needed kick in the rear.

But a funny thing happened after one year. As the temporary holiday approached expiration, few in Congress or the White House wished to be seen as hiking taxes on working people. With votes on this matter scheduled around Christmas, who wanted to play Scrooge to the middle class?

So, after some loud wrangling over amendments on the Keystone XL Pipeline and other matters, Congress voted to keep the payroll tax holiday alive for another year. At a total cost this year of roughly $112 billion, this adds up to about $700 in average tax relief for some 160 million workers.

Most likely, this initiative now is a permanent part of the tax landscape. Having returned to the American people 2 percentage points of their Social Security taxes, Congress probably never will have the nerve to take this away.

Like cement freshly poured from a Ready-Mix truck, temporary taxes have become as hard as a sidewalk.

"Year after year, many of these 'temporary' tax cuts are extended," writes David Morris, a contributor with Engage America, a new organization that promotes fiscal responsibility and economic prosperity via social media. (I now am a Thought Leader with this group.) "Would you believe that not only are there more temporary tax cuts on the books today than in 1998, but that some of the tax cuts from 1998 are still part of the tax code? Believe it." (http://www.engageamerica.com/deficit_taxes/comments/No-such-thing-as-a-t...)

Morris cites Scott Hodge, president of the Tax Foundation, who observes:

"This is going to become permanent law...Once these things get built in, cooked in to the system, they're awfully difficult to get rid of.'"

There is just one small problem with this tax cut: The money has been borrowed from the Social Security system.

Imagine a city that takes money from its police pension fund, and then hands cops cash in hopes they will spend it in local stores. The federal payroll tax holiday operates on virtually the same basis. At some point, Washington is supposed to borrow money, most likely from China, to replace the funds.
One smart way out of this jam, at least partially, is to give Americans the option of investing some or all of their tax-cut money in voluntary personal retirement accounts. They could get credit for these funds against the amount of money Uncle Sam would have to replace in their Social Security accounts. This would reduce, by an equal figure, the amount Washington would have to borrow via Treasury bonds. And American citizens, not politicians, would control these accounts.

As it stands, any American can take his entire payroll tax cut and invest it in six packs of Schlitz, cartons of Marlboros, and state lottery tickets. Why not offer the option, say, to keep the suds and smokes but put the lottery money into a stock portfolio?

Democrats get very twitchy when it comes to letting Americans invest their own Social Security money. So, Republicans should put them to the test: Since such accounts would be 100 percent voluntary, would Democrats actually vote to let Americans do anything with their tax cut money except salt it away for their golden years?

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Deroy Murdock is a columnist with Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.



Previously:

03/23/12: Why not $100-an-hour minimum wage?

03/15/12: The real (high) cost of Obama's health care act

03/09/12: Race-baiting Dems oppose voter ID

03/02/12: Forget kids --- today's debt hurts adults

02/24/12: Dems arise against Obamacare

02/17/12: The voting dead are understated

02/10/12: Holder takes on 'racist' photo-ID cards: Prejudice is widespread --- even Obama backed them

02/03/12: On tax plans, Gingrich trumps Romney

01/27/12: Photo IDs can protect elections, let dead rest

01/20/12: Romney runs hot and cold on global warming

01/13/12: Economic freedom declines in U.S.

01/06/12: Time to yank off Mitt's mask

12/23/11: Boehner hands Dems a gift

12/15/11: The U.S. could learn much from Hong Kong

12/09/11:$687 billion is available to Congress free of strings

12/02/11: Obama criticizes Wall Street but takes money from it

11/18/11: Puerto Rico shows Washington the way

11/11/11: Take heed, America: In Ohio even left-wing unionists voted to repeal ObamaCare

10/28/11: Thanks, Netanyahu, for surge of hardened terrorists

10/24/11:The Obama Spend-O-Rama

10/17/11: Cain stakes his viable claim just by showing up

10/07/11: Green jobs are national scandal

10/04/11: Obama proudly declares class war

09/23/11: Obama wrong about ‘Do-Nothing’ Congress

09/16/11: Obama needs Ryan's vision on jobs

09/09/11: Reaganomics trounces Obamanomics

09/02/11: Labor leaders to Obama: Stop killing jobs

08/26/11: Pro-market Perry vaults over Romney in GOP race

08/19/11: Some rich Americans will not rest until Washington boosts their taxes

08/12/11: Hope, change and free birth control for all

08/05/11: Debt deal does virtually nothing

07/21/11: Dems pro-choice on abortion but little else

07/15/11: Debt deception: If only Dems were honest and GOPers were courageous

07/08/11: Congress' war on light bulb blows up





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