Absolutely. We have many restaurants across this country that are barely hanging on right now, and for them, payroll taxes represent a large percentage of their tax load. They just can't tolerate increases in payroll taxes, and they will object vehemently to any increases to payroll taxes, after having over-contributed $57 billion to a rainy day fund. That rainy day is here and we need that money back.
On November 5th, 2009. See this statement in context.