Republican Party Advances in California...

[John K. Taber]

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