http://www.sj-r.com/Sections/News/Stories/48701.asp"U.S. Rep. John Shimkus, R-Collinsville, said Wednesday he is willing to break a no-tax-hike pledge to allow for raising or eliminating the cap that limits how much higher-paid workers contribute to the Social Security system.
As of 2005, the first $90,000 of an employee's pay is subject to the Social Security tax of 6.2 percent. The ceiling went up from $87,900 in 2004.
President Bush has proposed allowing workers to divert some of their Social Security payments into personal investment accounts. Critics say the diversion would leave a financial hole in the Social Security system, which pays benefits to retirees using the contributions from workers.
"If you're looking at transition costs, you have to find a way to raise revenue," Shimkus told The State Journal-Register in a visit to Springfield. "So I would not be averse to looking at raising that ($90,000) limit or just eliminating the ceiling all together."
Did I just read this right: "just eliminating the ceiling all together" is this really the Shimkus I've grown to despise? I'm just stunned....