PAYROLL TAX HOLIDAY
Just when you are beginning to wonder if they will EVER get it in Washington, they come up with something new. The payroll tax "holiday" is under pressure to be extended.
The President and most Democrats and Republicans agree extending the payroll tax holiday would be a good idea. The problem is how to pay for it.
The President believes putting an extra $1000 a year in the hands of the citizens would be a good thing especially in this economy. Who are we to disagree? Who couldn't use an extra $1000?
The Dems want to tax the wage earners more who NET more than $1,000,000 a year. The House, controlled by Republicans has passed a bill that ties the tax holiday to a Keystone Pipeline, Oil, that is, from Canada to Texas.
One idea both parties support is having Fannie and Freddie charge lenders MORE for the loans they buy. Yep, and what do you suppose would be the ultimate end to that folly. Consumers would end up paying for it. Consumers who are refinancing or purchasing a home would get that fee passed on to them through loan level price adjustments.
In the lending world, Fannie and Freddie charge lenders fees for delivery of loans. Lenders in turn charge borrowers fees for delivery. How near sighted of our senators and congressmen to THINK most of us would not recognize this for what it is. A price hike to those borrowing money. A further detriment to housing recovery.
While Washington is looking for some common ground, I believe more and more every day the middle class is finding common ground - we do not need representatives in Washington who are so far removed from our every day struggles. 
