[lbo-talk] liberal austerity (cont.)

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed May 6 11:02:41 PDT 2009


Doug asks:


> do you really think that raising the FICA ceiling significantly
> is going to get through Congress?

FICA is so regressive at this point that if you raised the ceiling by $100k (heck, why not raise it to $250k? That seems to be Obama's magic number), you could probably chop a few percentage points off it and sell it as a tax break for the middle class (while significantly raising revenue).

/jordan



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