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"But one crucial tax break didn’t make it: The payroll tax holiday was allowed to expire. Unlike most income tax rates, which rise as income rises, the payroll tax is a fixed percentage. Letting it lapse means that nearly every worker will see taxes go up, but the pain will be felt most at the bottom. Two-thirds of those in the bottom twenty percent of income will be affected by it. For example, a worker earning less than $20,000 a year will pay about $100 more a year in payroll taxes—the equivalent of a family‘s groceries for a week. A bit further up the ladder, someone making $50,000 a year, about the national median, will pay $1,000 more, canceling out the $1,000 break she would get from other parts of the deal."

Also-“If the cuts are implemented on non-defense discretionary spending, it will be devastating. These programs have already taken a beating, as $1.5 trillion in cuts to defense and non-defense discretionary spending over the next decade was already put into law last year. Three-fifths of that reduction will hit the non-defense side”

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