If you are worried about Social Security, then worry about payroll tax cuts
Mike Hiltzik has said what Robert Reich and I said about the original payroll tax cut. If people worry about the long term fiscal health of Social Security, then why cut the revenue stream it receives today?
Jill Stein keeps looking better...even as I know how binary American voters are. And don't listen to Jeb Bush's denials of interest in becoming a presidential candidate. It's carefully worded. He isn't running. He will wait to be crowned. And Tea Partiers, Wall Streeters and religious zealots will sing a unified hymn to him even if he is traveling abroad to China....As I have said, Republican operatives' and elite players' Plan B is now in swing...
posted by Mitchell J. Freedman @ 5:31 AM
2 comments
2 Comments:
why to worry .
You may be right to worry about the future health of Social Security. It is always difficult to reinstitute a tax after cutting one, and obviously President Obama and Congressional lawmakers opted to extend the payroll tax cut to offer relief to families now. The decision comes at the expense of Social Security’s future viability, but those funding issues and the effect of this extension are still going to need to be addressed.
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