Good rebuttal please.

[Eileen]

Has anybody written or have they seen written a REBUTTAL ARTICLE for this "Wall Street Journal" editorial.

http://webwarper.net/ww/www.ncpa.org/newdpd/dpdarticle.php?article_id=550&*

I don't want to re-invent the wheel and economics is not my strongest suit.

TIA

[kikiek]

1. Boy talk about distortion middle class salary of 87000 plus? All I have

to say is it is about time. Why shouldn't they pay the taxes we do? It shouldn't end because you make more money. Anything over that 87000 plus isn't paying those taxes now. It would only be on the difference. Like if you make 120 thousand you pay it already on the 1st 87900 anyways. Not to mention the WSJ is very right wing Bush shill.

[Eric J in MN]

2. If The Social Security tax cap has been raised before and it will be

raised again.

It's the most regressive tax we have because only income below $87,000 is taxed.

Perhaps there should be no cap. Raiding the cap to $120,000 is a modest change.

People who make between $87,000 and $120,000 should be helping retirees more.

[Eric J in MN]

3. found this. The $120,000 figure comes from Tim Russert, not

John Kerry.

Kerry implies he would raise the Social Security tax on wealthier people in the interview:

http://www.socialsecurity.org/daily/09-09-03.html

[kikiek]

4. That is a CATO report besides. I think it should be raised. Why

should they not pay? Wonder about how he figured that too. That is a payroll tax. How does that affect a couple each making 60000. Wouldn't it be if one made over 87900 they would take home less?

[Eric J in MN]

7. Yes, Tim Russet's statement seemed questionable to me, too.

Social Security payroll taxes are paid the same by two married workers as if they were single, as far as I know.

[kikiek]

8. He is wrong on that. Also it goes up every year based on wages.

[Eric J in MN]

9. Do you mean based on inflation? nt

nt

[kikiek]

5. Was 80400 when Bush went into office. Went up to 87900 under him

Goes up historically every year it appears. Found the correct link. It does go up every year based on wages. It is on your wages only. http://www.ssa.gov/retire2/maxtax.htm

[Feanorcurufinwe]

6. It's a lie.

Kerry has said he 'would consider' raising the cut-off point after which people no longer pay into the system as part of a comprehensive effort to insure long-term Social Security solvency.

It is not part of any of his actual present day plans.

[Eileen]

10. Good talking points - thank you.

I also got this one in the mail yesterday. Thought others would be interested.

- President Declares "Ownership Society" - Tells Convention He's Ordered Invasion of Social Security Trust Fund.

Thank you all again for your input.


Eileen