Re: Stimulus: Treat the Disease, Not the Symptoms
by Sam Bleicher
Why aren't the Democrats talking about a Social Security tax rebate, instead of an income tax rebate? Shouldn't we be reducing the regressive tax, rather than the progressive tax? This approach would answer the President's argument that only those who pay the tax should get the rebate - it would highlight the fact that millions of working people pay Social Security taxes who never pay income tax because they earn too little. There may be some optics issues "invading the Social Security Trust Fund crisis," but maybe it's time we educated the public that's it's really all one pie, and that the total tax system needs to be examined, not just the pieces the President wants to talk about. If there are good economic or political reasons not to do this, I'm eager to hear them.
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