Once again Republicans have shown that their ongoing mantra that Democrats want to raise your taxes, while Republicans want to cut them is a lie. Republicans are all for tax cuts, but only if they go to millionaires, billionaires and corporate criminals, NOT YOU. That’s why, when House Republicans rejected most of Obama’s jobs bill (AJA), one of the parts rejected was the extension of the payroll tax holiday.

In a sudden move, House Republicans rejected President Obama’s week-old jobs plan, including about $240 billion in payroll tax cuts. In a memo to their caucus, Speaker John Boehner (R-OH), Majority Leader Eric Cantor (R-VA), and other leaders dismissed the bill’s largest spending and tax cutting portions, leaving little of the bill intact… …As ThinkProgress has noted, Republicans finally found a tax cut they didn’t like in the payroll tax holiday. What’s unusual about the payroll tax, which funds Social Security, is that cutting it almost entirely affects middle- and working- class people. Because the tax only applies to the first roughly $100,000 a person earns someone who makes $200,000 or $300,000 gets the same tax cut as someone making $100,000. Republicans seem to be witholding a tax cut as a bargaining chip, as “Boehner said he is willing to negotiate on extending payroll tax cuts,” Meanwhile, a payroll tax holiday is one of the few types of tax cuts that do actually stimulate the economy, precisely because they mostly affect working- and middle-class people, who need the money more and thus spend it right away… [emphasis added]

Inserted from <Think Progress>