“Bush May Raise Taxes for Social Security,” by Laura Meckler, Associated Press, http://story.news.yahoo.com/news?tmpl=story&cid=544&ncid=703&e=1&u=/ap/20050216/ap_on_go_pr_wh/bush, 16 February 2005 (from Democratic Underground).
“Dear Friend,” by John Edwards, One America Committee, 18 February 2005.
Former Senator John Edwards emails his supporters…
If President Bush chose to side with working families, he could have asked those with a lot to do with a little less by deferring or canceling tax cuts for the wealthiest Americans. For instance, we could have generated nearly $200 billion in revenue to fund critical initiatives like child care over the next ten years simply by canceling or deferring two special tax cuts, 97 percent of which go to families making over $200,000 a year. But instead, he chose to ask those with very little to make do with even less.
Last week, I asked to hear your ideas about how we can make Social Security stronger. I was amazed by the response, and reminded of how much our leaders and Washington could learn if they took more time to just stop and listen to the people they work for.
Hmmm… making the tax code less regressive while strengthening social security… who else is open to that?…
President Bush is not ruling out raising taxes on people who earn more than $90,000 as a way to help fix Social Security’s finances.
Asked directly, Bush said he would not bar raising the $90,000 cap, although he does not want to see the payroll tax rate go up.
“The one thing I’m not open-minded about is raising the payroll tax rate. And all the other issues go on the table,” Bush said in the interview, according to an account in Wednesday’s New Haven (Conn.) Register.