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StumblePublished Wednesday, Jan. 16, 2008 | 3:15 p.m.
Updated Monday, Dec. 8, 2008 | 11:26 a.m.
The Clinton campaign has sent out a mail piece accusing Obama of a $1 trillion tax increase.
Here's the back story: To deal with Social Security's inevitable fiscal problems, which won't come for a long time but will arrive eventually, Obama has proposed raising the cap on Social Security payroll taxes.
Currently, every dollar you make over about $95,000 is not subjected to those taxes. Fair? That's for you decide.
Obama has proposed raising that cap so that upper middle income and wealthy taxpayers would put a larger portion of their income into the Social Security trust fund.
The whole point of the tax increase on the wealthier taxpayers would be to save Social Security, which is most needed by poor and middle income Americans.
Many passionate defenders of Social Security, including Paul Krugman of The New York Times and Josh Marshall of Talking Points Memo, are opposed to Obama's idea, because they think Social Security should be left alone for now.
ABC blogs on Obama's response to the Social Security mailer.
This is a fair and decent criticism and I hope that for once, Obama supporters are not outraged at the mere idea that their candidate be scrutinized. Unltimately, is his plan good or bad? Decide for yourself.
And while you're doing that, watch this:
http://www.youtube.com/watch?v=U7hpNLuda...
Today in Henderson, Obama said this was coming, and it only hits those making $75k or more a year, Hillary thinks people need to be forced into getting insurance, Obama knows we just can't afford it. Once again, Hillary is out of touch...she can only win when she throws mud.
Hillary - Divides
Obama - Unites
Edwards - 2nd choice.
WOW!!!! thedcsir-----You're circulating the Youtube video of Hillary CRYING to gain support? She called Bush "pathetic" during the debate. What do you call this? Makes you wonder if it was genuine.
concernedcitizen
The video is an overview of all sides of Hillary, not just her crying. It's really not to be taken seriously anyway. It's a youtube video, not a political discourse.
Obviously, a Clinton supporter created this video, and if this is what Clinton supporters are all about,I think it is time for all people who care about this country to unite once and for all against this negativity and vote Obama 08.
Senator Obama's proposal to increase caps on the social security tax is a option that has been widely discussed. It is one of the easiest options to save scoial security. I don't know where this trillion dollar tax increase thing comes from. Sounds like some more distortion from the Clinton camp. Why doesn't Clinton bring up these issues in a debate or public forum where there can be general discussion? In this case, social security, Clinton is apparently on the side of the Republicans who have up till now have resisted raising the caps just like they pushed those tax cuts for billionaires down our throats and sent a trillion dollars to Iraq. Eventually we will have to do something if we want to save social security. Restrict benefits or raise revenue. The sooner we do it the less painful the sacrifice. But what we are really talking about here is people making over $95,000 giving up about $500-2000 more a year depending on their income. So the person who makes $250,000
a year may have to fly coach instead of first class to Costa Rica during their winter getaway so that we can afford that frail elderly and disabled persons will have money for food , medicine and housing.
I think it's a good plan to tax people's Social Security benefits if they're going to be benefiting from the prescription drug plan, etc. If we're really talking about someone making an income of $95K or more annually, I'm sorry but that's a lot more money than you need.
This is another strategy of Obama's to make the rich pay their share. And if it would really bring in a trillion dollars, maybe it could pay for the war that Hillary voted for. It's cost over a trillion already!
Clinton plan leaves millions out in the cold !