Social Security and Tax Reform: GOP Monsters
It seems that Andrew Roth of the Club for Growth has an odd flair for the English language as he suggests that Bill Thomas is about to introduce a “MONSTER BILL”. Part of this bill seems to be the DeMint proposal to strip away the Social Security surplus, which will make the unified deficit as large as the general fund deficit. So how does Thomas plan to address this larger unified deficit? More tax cuts:
Another key component of the mega-bill Thomas has in mind would be the tax break at the top of the wish list of many investors: erasing the 2008 expiration date on the 15 percent top income tax rate on capital gains.
Yes, the GOP does seem to have some strange desire to give us more monsters to insure our children will have a massive future tax bill to pay.