With Apologies to Dunkin' Donuts: Why Should Munchkins Be Cut out of the Social Security Donut?

[CorpGovActivist]

I'm very much in favor of abolishing the cap on Social Security taxes (currently only the first $97,500 of wages is taxed).

I'm also very much in favor of using the spike in new receipts to lower the rate paid by all.

Obama and Edwards aren't making a lot of sense by proposing that there be a Munchkin cut out of the Social Security "donut" for those making, say, between $97.5 and $200K.

Any proponents of this approach out there who can shed light on its upsides?

Thanks!

- Dave

[juajen]

1. What the hell is a munchkin cut?

Where was I when this was proposed, or, rather, where were Obama and Edwards when this was proposed?

[CorpGovActivist]

2. Good Explanation in the Washington Post ...

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/16/AR2007111601814.html

Munchkins are the "donut holes" that Dunkin' Donuts started marketing years ago:

- Dave

[vireo]

3. All Dem candidates should agree to simple raising of the cap

Rather than "taking a page out of the Republican playbook," as is Sen. Clinton's apparent preference.

The approach of Mr. Obama and Mr. Edwards is more responsible than that of Sen. Hillary Rodham Clinton (N.Y.), who rather than making tough and politically risky choices about Social Security has retreated to the comfortable refuge of advocating fiscal responsibility and endorsing a bipartisan commission. This is a dodge, not an answer. And it is unwise and unseemly for Ms. Clinton, who surely understands that an eventual Social Security solution will involve raising revenue, to attack a fellow Democrat as a tax-hiker.