As an employer and employee, I agree with this: Tax Cut Extension May Be Tough Sell

From The Wall Street Journal:

President Barack Obama's push to extend the payroll tax holiday to spur economic growth may not be an easy sell, in part because some economists and lawmakers question if it's delivering enough bang for the buck.

In his speech to Congress Thursday, Mr. Obama is expected to lay out an economic plan with a price tag of $300 billion or more that includes extending the two-percentage point reduction in Social Security payroll taxes paid by employees and reducing the employers' share.

The tax cut reduced an employee's share of the Social Security payroll tax to 4.2% from 6.2% for 2011, at a cost to the government of $111.7 billion.