Steve Forbes Praises Cain’s Tax Plan For Not Funding Social Security, Medicare

[Lakhota]

By Travis Waldron

Cain’s plan ends several of the current taxes that help fund federal government programs, including the payroll tax that finances Social Security — one of the most popular government programs there is. That would seem like a political loser, given that Americans of all political stripes oppose cuts to the program. But Sunday, Steve Forbes, a former presidential candidate and long-time proponent of the flat tax, praised Cain’s 999 plan specifically for not funding Social Security and Medicare in an editorial published in the New York Post:

The Cain plan would rid us of not only the federal income tax, but also the Social Security and Medicare payroll taxes.​

More: Steve Forbes Praises Cain's Tax Plan For Not Funding Social Security, Medicare | ThinkProgress

 

[Katzndogz]

Social Security and Medicare are going to end either by managing another form of funding or collapse. It might be better to start planning now so that young people today have something when they retire.