Join for Just $16 A Year
- Discounts on travel and everyday savings
- Subscription to AARP The Magazine
- Free membership for your spouse or partner
Welcome to the AARP Discussion Board. Here you can talk with peers about current events ranging from Social Security to caring for your parents to the latest on health care reform. It is also the perfect place to exchange healthy eating recipes and job hunting tips.
These forums are for you to engage and have fun meeting new people. Just remember the community code: Be nice!
FAILURE TO EXTEND "TAX CUT" INTO 2012 IS GOOD FOR SOCIAL SECURITY.
posted at December 21, 2011 3:43 PM EST
First: December 21, 2011
Last: December 21, 2011
|The so called tax cut due to expire 12/31/2011 was really a raid on the Social Security Trust Fund. The tax decrease was on the Social Security withholding, not on federal income tax. This was a devious and cynical scheme to give the appearance of a tax cut but, in reality, to steal the funds from Social Security. Have you heard anyone on Capitol Hill say how these lost funds would be restored to the trust fund? With Social Security already paying out more than it is taking in, this stupid short sighted scheme will just weaken and exacerbate future funding problems. Instead of addressing the fixes needed to keep Social Security solvent, this diminished stream of income will only hasten a crises. A real tax cut would have required cutting the income tax. But that would have show up immediately as an increase in deficit spending. So don't be fooled. This was just a sneaky way to claim they were cutting taxes, when in reality, they wer rainding the Social Security Trust Fund to pay for it.|
Re: FAILURE TO EXTEND "TAX CUT" INTO 2012 IS GOOD FOR SOCIAL SECURITY.
posted at December 22, 2011 9:19 AM EST
First: December 19, 2011
Last: December 23, 2011
|I agree , the discussion should be on how they will keep social security for the over 60 group who paid into social security.|