Tuesday, December 21, 2004

My Idea for Social Security

Bush is eager to "fix" Social Security. To the extent it needs fixing, here's my idea on how to do it.

Remove the earnings cap, currently $84,900, and cut the payroll tax rate for everyone. Simple, huh? No private accounts, no $2 trillion in borrowing and a tax cut for the majority of workers. Makes sense to me, but what do I know.


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