President Barack Obama said on Thursday he favored raising more revenue for Social Security to prolong the solvency of the U.S. retirement fund, rather than just cutting benefits or making people work longer.
Obama told a televised youth town hall event that he thought the best approach was to increase the amount of income subject to Social Security taxes above the current cap set around $106,000, but he did not rule anything out.
Oct 15, 2010
President Favors Raising Income Cap
From Reuters:
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2 comments:
I shocked, Obama favors raise taxes. LOL
I agree with the good president but it should be done through amending the free trade process and taxing those corporations who have a large manufactoring base overseas. I'm a democrat.
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