At the beginning of this year is when they reauthorized the 4.2% on SS insurance. I'm not certain, but I believe the tax rates would have gone back to 15/28/31/36/39.6% as well until,the legislation passed in mid January.
Yes, the media will blame the republicans, like always. However, it's the democrats not agreeing to any specific spending cuts, and spending suts is what we need.
Tell me. Is the income tax revenue still about 18% of GNP? This is a historical trend, averaging 18.3% Government need to get spending down below 18.3%, else we are ed any way.
That is a question that should never be considered. Even if it's a very small amount, everyone should have skin in the game.