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Politics : Politics for Pros- moderated

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From: LindyBill10/17/2008 4:26:57 AM
2 Recommendations   of 794001
 
Not only is he going to hit the "over 250" crowd with a tax increase, they are scheduled for a huge jump in SS.

The Obama Social Security Plan

By Greg Mankiw

Via Jason Furman, director of economic policy for the Obama campaign:

Obama is confident that we can come together to find a workable solution. He believes that one strong option to improve Social Security's long-term solvency is asking people who earn more than $250,000 to pay a little more into the system. But Obama will not raise the retirement age or reduce Social Security benefits.

That is, it sounds like Senator Obama wants to close the projected gap between taxes and spending entirely by raising taxes.
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