Saturday, January 08, 2005

Sometimes taxes are necessary

So, it seems as though there are two legs to the Bush Administration’s Social Security reform program:

  • allow people to put social security tax money into private accounts and
  • index future Social Security benefits to prices rather than wages as is done now.

There should be at least a third leg: remove the cap on the amount of salary which is taxed for Social Security purposes.

And, of course, repealing the Bush tax cuts would go far in addressing our current and up-coming financial problems.

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