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Leave income tax rates alone but lift the cap on Social Security taxes. Pros/Cons?
Leave income tax rates alone but lift the cap on Social Security taxes. Pros/Cons?
why wouldn't you restore taxes to where they were when clinton was president? we were booming and the economy was great and our budget was balanced.
seems to me that raising the SS cap disproportionately affects the middle class.
So you would rather have more less qualified employees working at, say, Boeings, than the fewer number of highly skilled workers.
In other terms - you want employers to fire those who have been there a long time to hire more employees that will need training and get paid less...
Fire twenty well paid, highly skilled people to replace them with 29 or 30 lower paid less skilled workers that can't do the same job that the ones you fired could do and do well.
Yep! I bet a lot of employers will jump right on that. (one way or the other the businesses will close down because of taxes jumping or buisiness drops due to lost production and poor quality control)
You can make it easier for employers to hire and expand their businesses by continuing to allow tax exemptions for businesses that do that. It is, after all a business expense and should be exempt from taxes - it always has been. If you want to limit it to those businesses that hire more and expand more in this country then I am all for that. If a business hires or expands outside the USA they should not get exemption for that. It is taking money from the programs in which they are supposed to be participating.
Leave income tax rates alone but lift the cap on Social Security taxes. Pros/Cons?
Leave income tax rates alone but lift the cap on Social Security taxes. Pros/Cons?