On Social Security Payroll Tax Cut as a Hidden Threat to Social Security
If you haven’t seen it yet, please read The End of Social Security by Nancy Altman. A brief part:
Given that unwillingness to raise taxes by less than a nickel on every dollar earned over $1 million, I find it unfathomable that a more conservative Congress, in two years, in an election year, will increase the payroll tax by 2 percent on the very first dollar, and every other dollar up to the cap, earned by virtually every single worker in the country. Consequently, I think we have to assume that the payroll tax holiday will be extended beyond the two years the president is proposing and quite likely could become permanent.
“While We Were Sleeping”
Orwell Rolls In His Grave, featuring MCM – Buy the DVD
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