On January 1, 2013, the Social Security payroll tax was allowed to rise from 4.2% to 6.2%. This was an across the board hike that affects Americans at every income level, and it will have a detrimental effect on economic growth by reducing the spending power of all Americans. It also disproportionately affects lower income Americans who, already faced with very tight budgets and the sometimes tough decisions that come with the territory, will now lose an additional 2% of their gross income to this tax hike.
We the People therefore petition the President to indefinitely continue the 2012 rate with the stipulation that the rate may be lowered in the future but may not go up, and to effect this either by Executive Order or by Special Legislative Session.
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