Reduce Payroll Cut

In an Editorial in The Austin American Statesman the opinion of "Extend Payroll Tax Cuts, Jobless benefits", explains Congress failure to compromise on a plan to reduce projected deficits over the next 10 years. As the week before Thanksgiving arrive congress failed to address their solution . Now that the festivities are over congress is at it again.Congress would address the payroll tax cut that would trim taxes for workers paying social security from 6.2 percent to 4.2 percent this will affect over $160 million americans and would give most average americans an extra $1000 a year back into their pockets. the deadline for a compromise was november 23 but congress has been able to extend its deadline and get back to business. Business in which they would have to reach an agreement that would have $1.2 trillion in spending cuts over the next 10 years to lower our debt ceiling deal that reached earlier this fall in august. The author explains what congress should do in order to reach an agreement and what procedures not to take. Also informs you of how and why the Congress "supercommittee' was form .A very interesting article to read.