[fruchtose]

Unfortunately, this is wishful thinking in American politics. There is no such thing as a temporary tax cut. In the eyes of Americans, there are only two kinds of changes to taxes: cuts and raises. A temporary tax cut is nothing more than a tax cut followed by a tax hike in the view of our wisest statesmen. This gives license to pundits to accuse Obama of raising taxes--because the cuts are not permanent. I remain dumbfounded that some believe that taxes should decrease monotonically from year to year, no matter the circumstances.

[greenyoda]

There were certainly new taxes created under Obama, such as the tax on medical devices that was part of Obamacare.

[fruchtose]

That's not the point I'm making. I'm only talking about the temporary payroll tax decrease. His opponents will say that he's raising the payroll tax, when it is really only expiring.