Some things never change...
http://www.foxnews.com/politics/2017...ax-reform.html
We have a dedicated funding source for Social Security! All you idiots have to do is stop spending it on other things and replace what you've "stolen" from it over the years.
http://www.foxnews.com/politics/2017...ax-reform.html
Another option being floated around on Capitol Hill would change the House GOP plan to eliminate much of the payroll tax and cut corporate tax rates and possibly requiring a new dedicated funding source for Social Security.
The change, proposed by a GOP lobbyist with close ties to the Trump administration, would transform Brady's plan on imports into something closer to a value-added tax by also eliminating the deduction of labor expenses. This would bring it in line with WTO rules and generate an additional $12 trillion over 10 years, according to budget estimates. Those additional revenues could then enable the end of the 12.4 percent payroll tax, split evenly between employers and employees, that funds Social Security, while keeping the health insurance payroll tax in place.
The change, proposed by a GOP lobbyist with close ties to the Trump administration, would transform Brady's plan on imports into something closer to a value-added tax by also eliminating the deduction of labor expenses. This would bring it in line with WTO rules and generate an additional $12 trillion over 10 years, according to budget estimates. Those additional revenues could then enable the end of the 12.4 percent payroll tax, split evenly between employers and employees, that funds Social Security, while keeping the health insurance payroll tax in place.
Comment