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Reply #3: True - plus the Lindsey(R) proposal was for a temp imcrease in the [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
papau Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-04 10:17 AM
Response to Reply #1
3. True - plus the Lindsey(R) proposal was for a temp imcrease in the
Edited on Wed Dec-15-04 10:17 AM by papau
cap - so that after 10 years it would fall back.

Interestingly, Bush spokes people, after saying no tax increase, and being adament that meant no increase in the payroll tax rate, are not willing to say no increase in the cap.

But the Linsey "possible up to" 200,000 cap is already shouted down to 150,000 - with mainstream media calling that a doubling (double 90,000? - the math only works for a GOPer).

The cut in guaranteed benefits is around the order of the Brits Thatcher's 1/3 in the 80's - so long term the rich do get a hell of a return on the temp additional tax that a temp increase in the wage cap would force them to pay.

But it is a long term screwing of the middle class in favor of the rich - temp additional taxes on the rich just to get the idea off the ground.
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