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In reply to the discussion: At Boehner’s Request, He and Obama Negotiate Alone [View all]AnotherMcIntosh
(11,064 posts)"Some" changes lead to more changes. Making changes is what politicians do. Making changes leads to campaign contributions. And opportunities for additional financial rewards.
Prior to Reagan, Social Security payments were received tax-free. Reagan lowered Social Security payments under a trick by which he made 50% of Social Security payments subject to taxation when a threshold was met.
That trick wasn't the last time that it was used.
Bill Clinton used it again to reduce Social Security pay-outs. When he used it, he made 85% of Social Security payments subject to taxation when a threshold was met.
"Some" changes? At a minimum, Obama is going to follow the lead of Reagan and Clinton and reduce Social Security payments further by making 100% of Social Security payments subject to taxation under the same conditions.