GOP poll on Soc Sec shows support for no wage base and lower early ret ben

[papau]

http://ap.tbo.com/ap/breaking/MGBPCM2QF4E.html

Bush Says He Will Lead Congress on Social Security; Some Republicans Nervous

By David Espo The Associated Press


<snip>In a troublesome sign for Republicans, sentiment swings against personal accounts when near-retirees are exposed to a series of common arguments for and against the proposal.

<snip>In his remark about payroll taxes, it was not clear whether Bush was also ruling out a change that would apply the levy to income that is now tax-free. Some Republicans in Congress support such a move.

<snip>
The GOP polling found that a majority of voters oppose reducing the starting benefit for all future retirees, or borrowing money or increasing the national debt.

On the other hand, there is support for applying the payroll tax to all income rather than maintaining an existing cap, and for reducing starting benefits for those who retire early.

[nadinbrzezinski]

1. Hey it would be great if Gates paid his FICA for all his income

and not what is it, the first 80K?

[papau]

2. First 90 K - Gates has only about 3 to 4 billion a year in investment

income - so he'd pay 12.4% on the few million he takes down as wage, but the investment income would not be hit even with a no wage cap law.

[nolabels]

3. This quote from the article is a classic

The president said, "I fully understand the power of those who want to derail a Social Security agenda by, you know, scaring people. It's been a tactic for a long period of time by those who believe the status quo is acceptable."

Mr AWOL Bush, you and your daddy are both wimps. Why don't you go back and finish your time at T.A.N.G. with your draft dodger V.P.?



http://www.nevtron.si/borderline/old.html