Well, isn't that a newsflash – Bush needs to raise taxes for his Social Security "plan"
This photo makes me ill. Go ahead, use them for photo ops before you screw over their future. President Bush with local children in NH as he pimps his proposed dismantling. (AP Photo/Pablo Martinez Monsivais)
Guess he didn’t want to share this little necessary detail of his plan before the election. (AP):
President Bush is not ruling out raising taxes on people who earn more than $90,000 as a way to help fix Social Security’s finances.
…He gave only passing mention to options for fixing the program’s long-term financial woes, but told reporters for regional newspapers on Tuesday that he isn’t ruling out making more wages subject to Social Security taxes. Asked directly, Bush said he would not bar raising the $90,000 cap, although he does not want to see the payroll tax rate go up.
“The one thing I’m not open-minded about is raising the payroll tax rate. And all the other issues go on the table,” Bush said in the interview, according to an account in Wednesday’s New Haven (Conn.) Register.
White House spokesman Trent Duffy said raising the cap on Social Security taxes is just one option among many being advocated. “Just because he said it was an option doesn’t mean he embraced it,” Duffy added.