[lbo-talk] Obama's Payroll Tax Cut

[michael perelman]

When the cut was first announced, I wrote that it seemed to pose a
threat to Social Security.  Now, a few of the Democrats, especially
Bernie Sanders, seem to be picking up on the risk to Social Security.
What would have stopped Obama from making it a tax rebate in which the
treasury would not have to leave the fingerprint on the Social
Security system.  Besides, it could be targeted to people who made
under x millions of dollars a year.  Of course, really smart CEOs do
not have to pay the tax.  They can take a one dollar salary, then cash
in stock options instead.

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com