Bill Clinton Scandal - SANITY CHECK Message Board

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Politics : Bill Clinton Scandal - SANITY CHECK

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To: Lizzie Tudor who wrote (54501)	6/28/1999 3:12:00 PM
From: Les H	Read Replies (1) of 67261

SS could've been phased out if the Democrats hadn't closed the great loophole that was there in the 401(k) code. All 401(k) and 403(b) contributions were pre-income tax and pre-FICA tax. IMO, all the individual retirement plan contributions should be credited against the FICA tax. It just defers the crisis to a later time. They want to claim larger surpluses because both sides want to increase spending or to corrupt the tax code in some way. They can't win election just on the backs of corrupt campaign contributions or pork barrel projects.

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