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Preserving Social Security

Saving Social Security by Cutting Middle-Class Taxes

Robert P. Stoker | Posted 03.15.2013 | Politics
Robert P. Stoker

Although Obama has considered the chained CPI, he has also advocated raising the FICA tax cap. His proposal does not go far enough to preserve Social Security. A better alternative is to expand the tax base, not merely by increasing the FICA tax cap but by taxing other income sources.