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Politics : PRESIDENT GEORGE W. BUSH
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To: Johannes Pilch who wrote (499894)11/28/2003 4:17:32 PM
From: Kenneth E. Phillipps  Read Replies (1) of 769667
 
What would it take to eliminate the fiscal imbalance? Here are some options?

-- double the current payroll tax of 15.3 percent, with no cap;

-- increase federal income taxes by two-thirds;

-- cut Social Security and Medicare benefits by 45 percent;

-- eliminate all federal discretionary spending.

quote.bloomberg.com
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