Go Jim Cooper
By Heidi Neel
Kicking off the month of May, Congressman Cooper (D-TN) got bold with entitlement programs. He said that we should cut the payroll tax outright, because Congress is not saving it for retirement. He argued that this would not increase near-term debt, just change the lender. He also said it would reveal one of the pressing problems with Social Security, which is being disguised by Trust Fund accounting.
Go for it Cooper! I see little if any difference between cutting the payroll tax to protect it from Congressional spending and depositing the amount of the tax cut in a pre-funded, protected account with my name on it.
There’s no reason Congress should be spending my retirement money on the Teapot Museum in Sparta, North Carolina or the Richard Steele Boxing Club in Henderson, Nevada.
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