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Reply #14

In the discussion thread: Welcome to the Grand Illusion [View all]

Response to SleeplessinSoCal (Reply #10)

Wed Oct 23, 2013, 11:34 AM

14. one trouble with that

Medicare is in more financial trouble than social security, and there ALREADY is no cap on the medicare portion of FICA taxes.

I just like to keep coming back to the $2.1 trillion.

Permanent tax cuts that already got passed for the richest 5%.

Instead of proposing something like the chained CPI http://www.washingtonpost.com/blogs/the-fix/wp/2013/04/10/the-ins-and-outs-of-chained-cpi-explained/
which would reduce costs by $130 billion over the next decade, why not get rid of those tax cuts for the rich?

On the one side you have
$2.1 trillion in tax cuts for the top 5%

on the other side you have
$0.13 trillion in savings from the chained CPI

Which one of those has a bigger impact on the debt?

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Arrow 31 replies Author Time Post
hfojvt Oct 2013 OP
Pretzel_Warrior Oct 2013 #1
factsarenotfair Oct 2013 #2
hfojvt Oct 2013 #4
quinnox Oct 2013 #3
hfojvt Oct 2013 #21
1000words Oct 2013 #5
Poker Bots Oct 2013 #6
gopiscrap Oct 2013 #13
Dragonfli Oct 2013 #7
JDPriestly Oct 2013 #8
Divernan Oct 2013 #9
hfojvt Oct 2013 #18
SleeplessinSoCal Oct 2013 #10
jtuck004 Oct 2013 #11
SleeplessinSoCal Oct 2013 #20
LineLineReply one trouble with that
hfojvt Oct 2013 #14
SleeplessinSoCal Oct 2013 #19
Laelth Oct 2013 #12
dawg Oct 2013 #15
hfojvt Oct 2013 #16
leftstreet Oct 2013 #17
ProSense Oct 2013 #22
hfojvt Oct 2013 #23
ProSense Oct 2013 #24
hfojvt Oct 2013 #25
ProSense Oct 2013 #26
hfojvt Oct 2013 #27
ProSense Oct 2013 #28
hfojvt Oct 2013 #29
ProSense Oct 2013 #30
hfojvt Oct 2013 #31
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