The current debate about the payroll tax cut is showing the Republicans’ true colors.

With Congress set to go out of session in a matter of days, GOP Leadership is going to let Tea Party Republicans skip town for the holidays without agreeing to an extension of the payroll tax cut.

A failure by Congressional Republicans to extend the existing payroll tax cut will cause a tax increase for millions of hardworking Americans at a time when they are trying hard to get back on their feet.

The average American family will see a tax increase over $1,000 a year if the payroll tax cut is not extended. Worse yet, economists estimate that blocking this middle class tax cut could cost between 400,000 and 1 million American jobs.

Millionnaires will retain their tax break, though, so Jim and Fred will be happy.