NPR 12/15/10
We need a new WPA to put the unemployed back to work. And an infrastructure bank to create jobs repairing the nation's crumbling roads, bridges, and water and sewer systems. Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes more than $250,000. Extend the Earned Income Tax Credit wage subsidy all the way up through the middle class.
Por this by raising marginal income taxes on millionaires. Under President Dwight Eisenhower, the top marginal rate was 91 percent. I'm not advocating this, but a millionaire marginal tax of even 70 percent would a go a long way toward reducing the nation's future budget deficit.
NPR 2/9/11 (Full Text)
So if the individual mandate to buy private health insurance gets struck down by the Supreme Court or killed off by Congress, I'd recommend President Obama immediately propose what he should have proposed in the beginning -- universal health care based on Medicare for all, financed from payroll taxes.
Feb. 23, 2011 (Full Text)
The ceiling on income subject to the Social Security tax would need to be raised to $180,000. Do that and Social Security's long-term problem is solved.
NPR 2/9/11 (Full Text)
So if the individual mandate to buy private health insurance gets struck down by the Supreme Court or killed off by Congress, I'd recommend President Obama immediately propose what he should have proposed in the beginning -- universal health care based on Medicare for all, financed from payroll taxes.
Feb. 23, 2011 (Full Text)
The ceiling on income subject to the Social Security tax would need to be raised to $180,000. Do that and Social Security's long-term problem is solved.
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