Simplest answer that should please everyone is: remove the cap on payroll taxes& reduce the rate

[Phoebe Loosinhouse]

Badda Bing!(sorry, Sopranos marathon today)

Puts more take-home money in people's pockets. Won't raise payroll significantly except for large companies with high roller salaries (and they can afford it and they get to deduct it anyway), it might reduce costs for small companies and it shores up Social Security and Medicare at the same time.

Now, I'm not an accountant, but someone whose opinion I respect a lot and who knows a lot more than I do about taxes said this is literally a no-brainer.

The mantra - Republicans want a tax cut, we'll give it to them in PAYROLL taxes, not INCOME taxes.

[NYC_SKP]

1. I'm loving it...

One of the top ten reasons I wanted Obama over ALL others was his "raise the cap" strategy, a no-brainer IMO but poison idea to many.

:kick:

[Cleita]

2. Many of us have been saying this for years. The way to shore up

Social Security and save Medicare is exactly lifting the caps, however, it pulls the rug out from under the conservatives who use the "SS and Medicare are a failure" argument to scare people and get votes.

[Phoebe Loosinhouse]

4. It's up to us to talk it up and spread it around

Post it on blogs, Cnn comments, newspapers, etc. This is trickle up economics and the netroots excels in trickle up topics until they can't be ignored.

[BlooInBloo]

3. Um, *everyone*?

:rofl:

Everyone with a sense of fairness, perhaps. Which is of course VASTLY different.

[Captain Hilts]

5. And don't charge on the first $10K of income. nt

[sandnsea]

6. Steve Forbes wants to reduce payroll rate

How wonderful for business owners who already walked away with the FICA surplus.

No, I think I like the tax credit to working people idea.

[hedgehog]

7. How about raise the roof AND the floor?

[Nite Owl]

8. I've written that solution to my Senators

and rep with no response. It would be a huge tax cut for working people and the those just over the cap would remain the same with a lower rate. It would only affect the wealthiest and provide all kinds of funds. It seems so simple why does no one want this? The only argument against it I have heard is that then the people who would be paying more would be entitled to a bigger Social Security check at retirement.