Heritage Foundation trashes Wexler's SS fix

[zoeb]

From the Heritage Foundation:
http://www.heritage.org/Research/SocialSecurity/wm747.cfm

They praised Representative Robert Wexler (D-FL) his plan to improve Social Security solvency. Then trashed him in the second paragraph by trashing his "fix".

His plan would increase taxes on all wages above $90,000 by six percent. This tax increase would impact millions of Americans, slow the economy, and cost jobs. Specifically, the Wexler tax increase would:

„X Directly raise taxes on 9.8 million American workers;
„X Raise taxes for 3.6 million workers over the age of 50¡Xjust when they¡¦re trying to steer towards retirement;
„X Raise taxes for 3 million small-business owners;
„X Slow the growth of the economy, shaving an average of $33 billion per year off of the Gross Domestic Product over the fist ten years of the tax increase;
„X Reduce total employment by an average of 340,000 jobs per year over the first ten-year period; and
„X Make Social Security a worse deal for millions of Americans.

Lets see if I got this right. Clinton can raise taxes on the rich and we see 20 million new jobs; a budget surplus; and we see eight of the most prosperous years in the history of the nation but let Wexler offer the same fix and it does just the opposite? go figure!

[Coastie for Truth]

1. Oh kiss my butt Heritage Foundation

I'm above $90K - and I will gladly pay to preserve social insurance (social security is "social insurance" not an "investment vehicle" - Economics of Labor Relations and Employment for Dummies 101)

[applegrove]

2. Neocons cannot even keep it straight from one paragraph to another.

What a bunch of phonies.