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Eckstrom column: Payroll tax hike symptom of runaway federal spending

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Columnist Richard Eckstrom is comptroller general for South Carolina.

Most of us will be seeing our 2013 paychecks shrink. But don’t blame the boss. Your take-home pay is shrinking because of a federal tax hike on your earnings.
It’s a hike in Social Security taxes that was part of a recent late-night fix in Washington supposedly to protect us from plunging off the “fiscal cliff.” People shouldn’t feel much protected by Washington’s “fix” to raise taxes on the wealthy.


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