NPR Asks Millionaires About Payroll Tax Holiday - Nobody Objects
Yes, that’s right — Republicans in the Senate have blocked the proposal to extend the payroll tax holiday through next year, proving once again that they’re not really opposed to raising taxes, as long as it’s the poor or the middle class who pay.
NPR asked Republican leaders in the House and Senate to find a millionaire “job creator” for them to interview, to find out whether they support this obstructionism.
The Republicans couldn’t produce a single one. But when NPR sent out their own call on Facebook, several business owners did respond: GOP Objects To ‘Millionaires Surtax’; Millionaires We Found? Not So Much.
We wanted to talk to business owners who would be affected. So, NPR requested help from numerous Republican congressional offices, including House and Senate leadership. They were unable to produce a single millionaire job creator for us to interview.
So we went to the business groups that have been lobbying against the surtax. Again, three days after putting in a request, none of them was able to find someone for us to talk to. A group called the Tax Relief Coalition said the problem was finding someone willing to talk about their personal taxes on national radio.
So next we put a query on Facebook. And several business owners who said they would be affected by the “millionaires surtax” responded.
“It’s not in the top 20 things that we think about when we’re making a business hire,” said Ian Yankwitt, who owns Tortoise Investment Management.
Tortoise is a boutique investment firm in White Plains, N.Y. Yankwitt has 10 employees and in recent years has done a lot of hiring.
As a result, Yankwitt says he’s had many conversations about hiring, “both with respect to specific people, with respect to whether we should hire one junior person or two, whether we should hire a senior person.”
He says his ultimate marginal tax rate “didn’t even make it on the agenda.”
The business owners likely to be affected by the extension of the payroll tax cut aren’t buying the GOP line of nonsense, obviously. So whose agenda are the Republicans really promoting?