April 20, 2011

A GOOD FIRST STEP, THEN ADD MEANS TESTING (via Steve Jacobson):

Obama backs lifting income cap for Social Security (Kim Dixon, Apr 19, 2011, Reuters)

President Barack Obama said on Tuesday that boosting the amount of individual income subject to Social Security taxes should be considered as a way to put the retirement program on a stronger fiscal footing.

The president's deficit commission late last year proposed raising the income cap on Social Security taxes, now at about $107,000, but Obama has shied away from supporting specific proposals.


Presumably raise means remove.


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Posted by at April 20, 2011 5:40 AM
  

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