Thomas dismissed the idea of raising the limit on payroll tax deductions from the current $90,000, which would make wealthier people pay more into the system. "Why even bother looking at the payroll tax? That was a solution in the 1940s and the 1950s," he said, when the rate was 2 percent of income.
(snip)Thomas mentioned the valued added tax, a kind of consumption tax. It is, in effect, a sales tax imposed at each level of production of goods and services.
"I don't think anything should be above being looked at," Thomas said.
(emph mine)
Perhaps the implication is that raising payroll taxes is BENEATH being looked at? Or perhaps between? Around? Besides?
The process of defining the Social Security issue has gotten completely away from the White House, and now is very close to going off the rails under the erratic conduction of a Republican Congressman. Perhaps the most interesting thing about this January for the President has been how incredibly off-message the party has allowed itself to become.
--TJ
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