The next meeting of Don’t Cut Our Medicare will be on
December 18th from 10AM-1PM at
Douglass-Truth Library
2300 East Yesler Way
Seattle, Washington 98122
Top 5 Problems with the Tax Deal
Problem #1: The deal is a stealth attack on Social Security.
The deal will lower the payroll tax—the tax that funds the Social
Security trust. This is a trap for Democrats. Republicans have been
coming after Social Security for years and this cut is the biggest
threat to the vital program in decades. It will cut one-third of
Social Security's funding this year alone and when we need to restore
the payroll tax back to its current level, Republicans will cry "tax
increases" and could gut it permanently.
"Tax Cut Deal A Hidden Threat To Social Security," The Huffington
Post, December 8, 2010
http://www.moveon.org/r?r=205508&id=25497-5613343-3tV9KIx&t=6
http://www.ncpssm.org/news/archive/payroll_tax_holiday
Social Security Experts Detail Why Payroll Tax “Holiday” is No
Gift to Americans
Briefing reporters today, National Committee President Barbara
Kennelly, Social Security Works Co-Director Nancy Altman and CEPR Co-
Director Dean Baker warned that passage of a payroll tax holiday could
have devastating effects on Social Security’s long-term financing.
“As we’ve seen in Washington these days, it’s easy to enact tax cuts
but virtually impossible to allow them to expire. This payroll tax
holiday proposal will be no different. Election year politics in 2012
will doom the repeal of this $120 billion dollar cut and Social
Security beneficiaries will then pay the price. The American people
understand we’re in an economic crisis yet they don’t want to trade
their future security for a short-term benefit. They didn’t ask
Congress to cut their Social Security contributions, in fact, poll
after poll shows they’d pay more to preserve Social Security. I salute
the House for saying we need to give this deal another look because
this payroll tax provision is no deal at all.”…Barbara B. Kennelly,
President/CEO National Committee to Preserve Social Security and
Medicare
Social Security Works-WA
http://ssworkswa.org/
Don’t Cut Our Medicare-
http://dontcutourmedicare.org/
Local contact number:
1-877-822-3220