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Sen. Kyl: Payroll tax holiday hasn't 'stimulated' economy

By Josh Lederman - 11/27/11 07:31 PM ET

Sen. Jon Kyl (R-Ariz.) gave a bleak assessment of the usefulness of extending an expiring payroll tax cut on Sunday, offering a preview of the next fight likely to embroil Congress.

"The payroll tax holiday has not stimulated job creation. We do not think that is a great way to do it," Kyl said on Fox News.

Kyl, who served on the supercommittee, said it didn't make sense to impose a higher tax on those who create jobs, preempting the argument from Democrats that additional stimulus measures should be paid for by increasing the tax rate on wealthier Americans.

"I can't believe that," said Sen. Dick Durbin (D-Ill.), also on the program. "Now the Republicans are walking away from lower- and middle-income families because they don't want to impose a small, small tax on the wealthiest people."


Click here to read more from The Hill's On the Money blog.


Source:
http://thehill.com/video/senate/195541-gop-sen-kyl-payroll-tax-holiday-hasnt-stimulated-economy

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