Former U.S. Senator Mitt Romney renewed his RINO license within the far-left New York Occasions on Friday by calling for tax hikes and the elevating of the retirement age.
What’s he doing, precisely?
It’s all so unusual.
“If, as projected, the Social Safety Belief Fund runs out within the 2034 fiscal yr, advantages will likely be lower by about 23 p.c. The federal government will want trillions of {dollars} to make up the shortfall,” he writes, after which recommends the next…
“Social Safety and Medicare advantages for future retirees must be means-tested — need-based, that’s to say — and the beginning age for entitlement funds must be linked to American life expectancy.”
“Means-tested” implies that even for those who paid into Social Safety and Medicare your total working life, the federal government can resolve you have got an excessive amount of cash and deny you each—although we’ve been advised that is our cash for our retirement.
Then he desires the “beginning age for entitlements … linked to … life expectancy,” which suggests growing the age at which you’ll be able to start gathering Social Safety and Medicare.
Listed here are his ideas for outright tax will increase…
“I lengthy opposed growing the revenue stage on which FICA employment taxes are utilized (this yr, the cap is $176,100). Now not[.]”
At present, as soon as your revenue reaches that $176,100, the federal government stops taking taxes for Medicare and Social Safety. It appears like Romney desires to tax folks irrespective of how a lot they make.
He additionally argues for closing loopholes, growing the property tax, and related measures.
This has all the time been Romney’s downside.
Really, two of Romney’s issues.
The primary is that you may all the time depend on him to ultimately cave to Democrats. There’s dying, taxes, and Romney caving to Democrats.
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