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Politics : PRESIDENT GEORGE W. BUSH
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To: Father Terrence who wrote (31232)8/22/2000 12:34:48 PM
From: kvkkc1  Read Replies (1) of 769667
 
FT,

In the current environment, that would be political suicide. Unlike income taxes, cessation of all federal tax would entail the end of FICA collections, thus bankrupting the entitlement program immediately since there isn't one red cent in the trust fund. Those who make $30k or less account for the lion's share of SS tax, unlike income tax. You know my feelings on ss, so I won't repeat them.knc
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