Republican Party Advances in California...

John K. Taber jktaber at
Tue Oct 6 05:59:07 PDT 1998

John K. Taber wrote:
> In effect, it is a huge benefit
> reduction and tax increase to avoid pre-funding.

I'm being careless, sorry. Moynihan's bill would immediately *reduce* FICA, the difference being available for volunteer investing.

I seem to remember that it will *increase* FICA sometime in the future, but let me check that to be sure.

-- I've been able to string more words into fewer ideas than anybody I know, and I'm continuing to do that.

- Alan Greenspan to the Senate Budget Committee, Sept 23, 1998

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