Stephan, don’t worry, Bush would never raise Social Security taxes. He will simply increase contributions to Social Security in order to enhance Social Security’s revenue. Just like Ronald Reagan never raised taxes, he just closed loopholes!

Well whaddaya know. As I predicted: “the new plan will almost certainly result in an increase in the limit of income subject to FICA. I.e., my taxes will go from 6.2% of $90K to 6.2% of say, $130K at least (for now–probably unlimited thereafter)”. Today’s news: Bush: Raising income cap possible for Social Security.

I reall hate being right this time.

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