I also found this interesting today -- the effects that are sold as a gotcha to the "rich"(whoever defines that), by liberals, actually has a broader impact.
According to the Heritage Foundation, raising the payroll tax cap would directly raise taxes on 9.8 million American workers, including 3 million small-business owners. This would also reduce Gross Domestic Product by $33 billion per year, on average, over its first 10 years and reduce total employment by an average of 340,000 jobs per year over that period. For these reasons, House conservatives vigorously oppose proposals to 'reform' Social Security by raising taxes.
The American people now see a very clear choice before them: The president's bold vision for reform based on fiscal discipline and choice, and the Democrat vision for reform based on higher taxes. The cure for what ails Social Security is new ideas, not higher taxes.
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