You refer to “raising the payroll tax” as a means to improve Social Security sustainability, but fail to address the underlying problems: the cap on payroll deductions. I see no principled rationale to oppose simply eliminating the cap, although raising it to a new arbitrary level would be sufficient. SCRAP THE CAP!
You refer to “raising the payroll tax” as a means to improve Social Security sustainability, but fail to address the underlying problems: the cap on payroll deductions. I see no principled rationale to oppose simply eliminating the cap, although raising it to a new arbitrary level would be sufficient. SCRAP THE CAP!
True. That would solve about half the problem at this point. If it had been enacted 15 years ago, it would have solved the entire problem.