Sentences with phrase «social security tax cut»

«Making Work Pay Credit versus Social Security Tax Cut.»

Not exact matches

Possible reforms could include raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for high - income workers, while preserving payouts for low - income earners.

These projections assume Congress will not act to increase payroll taxes, raise the retirement age or cut benefits to improve the financial outlook of Social Security.

Early in his term, he pushed through a $ 1.6 billion tax cut for businesses, offset by $ 1.4 billion in tax increases on individuals — including taxing pensions and Social Security benefits.

«We will fight to defend them because they are about the health and economic security of America's working families, and we will not use Medicare and Medicaid and Social Security as an ATM machine for the Republicans to give tax breaks to their wealthy friends and corporate America,» House Minority Leader Nancy Pelosi said at her year - end press conference, signaling that Democrats would not support cuts to Social Security and other entitsecurity of America's working families, and we will not use Medicare and Medicaid and Social Security as an ATM machine for the Republicans to give tax breaks to their wealthy friends and corporate America,» House Minority Leader Nancy Pelosi said at her year - end press conference, signaling that Democrats would not support cuts to Social Security and other entitSecurity as an ATM machine for the Republicans to give tax breaks to their wealthy friends and corporate America,» House Minority Leader Nancy Pelosi said at her year - end press conference, signaling that Democrats would not support cuts to Social Security and other entitSecurity and other entitlements.

In this narrative, tax - favored private savings vehicles like 401 (k) s and IRAs should be expanded in order to compensate for the allegedly necessary cuts in Social Security.

Moreover, we understand that you support entitlement reform, but do you believe that it is politically realistic for the Republicans to actually achieve your goal when it would entail asking seniors to sacrifice by cutting Social Security and Medicare shortly after Republicans argued that we could afford to add over a $ 1 trillion to the deficit for tax cuts that largely benefit corporations and high - income households?

That the cuts are paired with some tax increases on individuals, like the elimination of the deduction for state and local income taxes and the Social Security number requirement, which kicks some 3 million kids off the child tax credit, makes the choice even more confounding.

That the cuts are pared with some tax increases on individuals, like the elimination of the deduction for state and local income taxes and the Social Security Number requirement which kicks some 3 million kids off the child tax credit, makes the choice even more confounding.

Maybe 15 percent of your income is taken right off the paycheck by the FICA [Federal Insurance Contributions Act] for Social Security and essentially pre-saving for Social Security medical care (which provides the government with enough money to cut taxes on the higher brackets.)

[1] Another tax law, the Temporary Payroll Tax Cut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 percetax law, the Temporary Payroll Tax Cut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 perceTax Cut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 perceCut Continuation Act of 2011, extended through 2012 a cut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 percecut in employees» share of the payroll tax funding Social Security, from 6.2 percent to 4.2 percetax funding Social Security, from 6.2 percent to 4.2 percent.

He said that essentially, the FICA withholding being taken away from workers paychecks is really just a concealed tax, that it was to cut taxes on the rich, and so there really isn't any money to pay social security and he would like to stop it right now.

Republicans have suggested they may seek to finance the tax cuts by slashing entitlement programs such as Social Security, Medicare, and food stamps.

Fixing our debt will now require reversing the harm that has already been done with tax cuts and spending increases, in addition to confronting the rising costs of Social Security and Medicare with spending changes and / or additional revenue.

More from Retire Well: An account that can keep your retirement savings healthy Retirement savings moves that cut tax bills Married couples should rethink their Social Security claiming strategy

That is only a fraction of the income - tax rate that most workers pay — on top of which is piled the 11 % FICA wage withholding for Social Security and Medicare that all workers have to pay on their salaries up to the cut - off point of about $ 102,000 (This cut - off frees from this tax the tens of millions of dollars that hedge fund traders pay themselves).

Many predict growth will slow again in the April - June quarter, as the impact of higher Social Security taxes and government spending cuts begin to weigh on the economy.

Professor Jon May from Ifan said: «Even as the Government plans # 12 billion in cuts to social security benefits by 2019/20, some of our largest companies continue to avoid paying their fair share in tax.

Had it asked specifically about increasing low - skill immigration, the proposal would have been roughly as popular as... reducing taxes on the rich while cutting Social Security and Medicare for everyone else.

Trump could acknowledge the absurdity of telling the roofer and retail clerk to work a couple more years to collect Social Security, while constantly weaseling to cut the top marginal income tax rate.

For example, he was quite explicit before he was elected about supporting a big tax cut and the partial privatization of Social Security.

They certainly never signed up for tax cuts for the rich plus Social Security cuts for themselves.

Put all the social security taxes in Wall Street accounts and let Goldman manage your money — your benefits will be cut by 40 %

The only alternatives are to either raise other taxes, cut Social Security benefits to current and soon - to - be beneficiaries or find cuts elsewhere in the budget.

So if we take Gingrich seriously and assume he wants to get to a sustainable budget, he would have to take the Ryan spending cuts, then pile on top the spending cuts it would take to offset his tax cuts and then pile on the spending cuts it would take to offset his Social Security reform plan.

«They have failed to spell out details of how they would achieve much of their tightening, relying heavily on unspecified measures to reduce tax avoidance and evasion (# 7 billion) as well as some unspecified social security cuts (# 2 billion).

Despite this, their detailed tax policies are a net giveaway of 0.1 % of national income, their detailed social security measures would only provide a tenth of the cuts that they have said they want to deliver, and their commitments on aid, the NHS and schools would (relative to a real freeze) increase spending on these areas by 0.3 % of national income.

NY - 9 voters also overwhelmingly support (65 - 33) raising taxes on the rich, and overwhelmingly oppose (72 - 24percent) cuts to entitlement programs like Medicare and Social Security.

If you support a traitor like Rump and you turn your back on the citizens of your state to provide tax cuts for the wealthy that virtually assure that after November the Pubs will be going after Medicare, Medicaid, and Social Security as being too expensive you should be concerned about a negative response form voters.

«Take Marc Cenedella, an out - of - touch millionaire who writes sexist blog posts, thinks our high unemployment rate isn't a problem, and sits on the leadership council of Club for Growth, an ultra-conservative organization that supports the Bush tax cuts for the wealthy, and trashes Medicare and Social Security.

The government has revealed in answer to a parliamentary question that 200,000 children will be pushed into relative income poverty by its bill to cut social security benefits and tax credits in real terms.

«Republican Bob Turner admits he's never meet a corporate tax loophole he didn't like and would to drastically cut the Medicare and Social Security benefits more than 2 million seniors in the district depend on,» DCCC spokeswoman Jennifer Crider said.

New York's working families have been mobilizing around the Lame Duck session and will continue calling on Congress to end tax cuts for the richest 2 % and to say no to cuts to benefits for Medicare, Medicaid and Social Security.

Pearce urges Labour to reject a business as usual path in which the government «would tax a little more and cut a little less, leaving the architecture of the state untouched and the current framework of services and social security in place».

He supports tax breaks for companies that ship American jobs overseas and has even called for cutting Social Security.

One could easily suggest that his swamp to which he refers is cluttered with Bush's own crap: the security failure that allowed 9/11; two unnecessary ground wars in Muslim countries; wars that involved the silly nation - building rationale and which were not paid for; tax cuts that failed the trickle - down test and produced huge deficits / debts; a major attack on Social Security in promoting privatization; and the de-regulation and laissez - faire style that allowed the mortgage and bank msecurity failure that allowed 9/11; two unnecessary ground wars in Muslim countries; wars that involved the silly nation - building rationale and which were not paid for; tax cuts that failed the trickle - down test and produced huge deficits / debts; a major attack on Social Security in promoting privatization; and the de-regulation and laissez - faire style that allowed the mortgage and bank mSecurity in promoting privatization; and the de-regulation and laissez - faire style that allowed the mortgage and bank meltdown.

That this House expresses deep concern at the impact of the UK Government's policies on Wales; notes the UK Government's real - terms reduction of the Welsh Budget by # 1.5 bn; notes that Wales currently suffers from the lowest average rates of pay in Britain and has the highest proportion of individuals affected by cuts to social security including the Bedroom Tax; further notes that Wales suffers the highest energy bills in the UK and that these, along with low pay, have compounded the cost of living crisis in Wales; and calls on the Government to immediately scrap the Bedroom Tax, freeze energy bills and undertake measures to increase pay rates in Wales.

«Ann Marie Buerkle voted to end Medicare, cut Social Security benefits and raise taxes by $ 1,000 on the average New York working family.

The proposal to ban EU migrants who are in work from receiving tax credits is the latest in a long series of changes which cut entitlement to social security.

The Bush 2 hangover??? Well, the fiscal cliff is made up largely of the 2001 - 02 tax cuts; the unpaid two wars in Muslim countries costing over $ 1 trillion, and growing; the unpaid Medicare Part D prescription program, which can threaten Medicaid's survival; the failed attempt to privatize Social Security; and of course, the 2008 financial - Wall St. meltdown.

Demonstrators fear the tax cuts will be paid for by cutting Social Security, Medicare and Medicaid.

Cenedella has mostly avoided specific policy prescriptions in his public comments and blog posts, but he currently sits on the leadership council of the Club for Growth, a conservative group that supports a variety of «pro-growth» fiscal policies, pushing to make the Bush tax cuts permanent, repeal the death tax, and overhaul Social Security to allow for personal retirement accounts for younger workers.

Community Leaders & Activists Across New York Call on Congress to End Bush Tax Cuts for Wealthiest 2 %, Protect and Preserve Social Security, Medicare and Medicaid

Local leaders are joining with Congressman Paul Tonko to call on President Obama and the New York Congressional delegation to fight for a fair deal on the «fiscal cliff» that protects Social Security, Medicare, Medicaid and ensures the wealthiest 2 % pay their fair share in taxes, while maintaining tax cuts for the middle class.

One of the key aspects of the $ 447 billion proposal would be the implementation of a $ 175 billion program to cut payroll taxes in half for all working Americans during 2012 through a slashing of contributions to Social Security taxes.

Despite the initial return of money to people's pockets, Liu's report said the tax cut does raise concerns, especially about how it will undercut the nation's ability to pay for Social Security benefits.

Buerkle was meeting with voters in this central New York town while, outside, liberal activists were distributing flyers that accused her of voting to cut funding to Social Security, Medicare and Medicaid, «to give more tax cuts to millionaires and billionaires.»

Local leaders joined with Congressman Paul Tonko to call on President Obama and the New York Congressional delegation to fight for a fair deal on the «fiscal cliff» that protects Social Security, Medicare, Medicaid and ensures the wealthiest 2 % pay their fair share in taxes, while maintaining tax cuts for the middle class.

In his conclusion, for instance, referring to the just - concluded presidential campaign, he says: «Important issues of Softness and Hardness are at stake [and] two key issues are whether to retain the Bush tax cuts and whether to add individual investment accounts to Social Security.»

So long as the economy perks along and no one wants to cut Social Security or raise taxes on more than a few, then health care and education will be the top domestic issues.