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Final Mail Call: Attack of the Trillion Dollar Tax Man

by: Mike Hoefer

Tue Jan 08, 2008 at 01:06:33 AM EST
One final piece of pre-primary mail came Monday.

After battling the last misleading mailer I have no energy for this one. Discussion regarding this piece and it's use of Republican themes is taking place over at TPM where I snagged this jpg of the piece rather than photographing my own.

Good way to build the Party... calling your Party and Senate colleague the trillion dollar tax, anti-choice candidate.
Mike Hoefer :: Final Mail Call: Attack of the Trillion Dollar Tax Man
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Final Mail Call: Attack of the Trillion Dollar Tax Man | 5 comments
TPM gives Obama too much credit in that thread (0.00 / 0)
Like Edwards, he has indeed floated the idea of completely eliminating, not just raising, the cap.

I prefer Hillary's position on Social Security. but this ad doesn't capture why - it misleads.

The cap today means individuals earning over about $97,000 per year stop paying FICA tax. If a couple each make $85,000, the cap does not affect them - and raising or eliminating it will not affect them either.

So this isn't an issue about "America's hard-working families." It affects individuals and families who already earn enough to be considered high-income earners: they are probably ineligible for student tuition credits, for example.

The real issue with eliminating the cap - which rises every year anyway; it has gone up 50% since 1997 - is that it would transform Social Security from a system where every income group gets back more that it puts in, into a Robin Hood 'take from the rich, give to the poor[er]' program. FDR thought that approach would make it politically unsustainable.  

I saw an elwood over there (0.00 / 0)
[ Parent ]
So agreement on another misleading mailer? (0.00 / 0)
[ Parent ]
Yes, but ... (0.00 / 0)
I do think Hillary's position on Social Security is better than Obama's - or Edwards.

I know that my own discussion of it, involving the dangerous line between a fair-to-everyone insurance program and a wealth transfer program, is MEGO (My Eyes Glaze Over) wonkish stuff.

And I haven't even started in on the outrageous idea that Edwards and Obama have: a "donut" of around $100-$200K in individual wages that would be exempt from FICA taxes. No donut between $0 and $30,000. Give it to the highest wage earners instead.

But yes, this mailer was also misleading.  

[ Parent ]
Phone Report from the home mailbox... (0.00 / 0)
Final Mail Call: Attack of the Trillion Dollar Tax Man | 5 comments

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