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Politics : The Trump Presidency

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To: Sam who wrote (75669)	6/5/2018 7:57:44 PM
From: i-node	Read Replies (1) of 363514

“As for "saving" SS--no, they didn't save it, they extended its life. There is a big difference. If they had really saved SS, they would have explicitly recognized that their actuarial assumptions might have to be changed in the future and they would have left open the possibility of changing those assumptions and lifting the cap without having to go through Congress agai” Reagan provided the leadership to increase the tax rate AND the tax base, and he plainly stated it was a temporary fix and required politicians of a future era to revisit the problem around the turn of the century or the program would be broke in 2030. By any reasonable definition he and Tip O’Neill saved it. Flat out, full stop. Trying to rewrite history is just lying and liberal news magazines have an agenda. If you want to know the truth read the trade journals of the era which I did at the time on a monthly basis. No doubt about what happened. So called limiting of the cap is not feasible and would not solve the problem even now, let alone then. The massive tax increase was all Reagan could possibly have done at the time. It was devastating for small business and I, myself created at least a few hundred S Corporations to save clients from the tax increase.

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