THE NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY & MEDICARE
~ Trusted ~ Independent ~ Effective ~

December 21, 2011

NEWS RELEASE

Payroll Tax "Holiday" Deadlock

Washington Should Pursue New Middle-Class Stimulus Plan in the New Year

"Providing a middle class tax cut to help spur the economy is the right policy but cutting the contributions that fund Social Security is the wrong strategy. The House's refusal to pass the Senate's compromise stimulus plan now provides Washington an opportunity to craft a stimulus package that benefits average Americans without diverting funds from Social Security. 

We urge the White House and Congress to welcome the New Year with a new initiative promoting the most effective economic stimulus plan possible regardless of the partisan politics involved. There are more effective forms of stimulus which Congress should pass, such as the 'Making Work Pay' tax credit. Now's the time to reframe the stimulus debate.

Allowing millions of unemployed Americans, low-income seniors on Medicare, and Medicare doctors to face massive cuts or loss of benefits through Congressional inaction is simply unacceptable. Congress should act this year to pass these measures which have bipartisan support.  Rather than beginning the New Year rehashing an old debate, we urge Washington 's leaders to throw out the political playbook and fight for the strongest possible stimulus package for America's middle-class that doesn't divert funds from Social Security."...Max Richtman , NCPSSM President/CEO

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The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.

Media Inquiries to:
Pamela Causey 202-216-8378/202-236-2123
Kim Wright 202-216-8414
www.ncpssm.org