Tuesday, April 18, 2017
Twamp/GOP plan to destroy social security
Tim Canova of Progress For All discusses how they plan to do this. The plan is to eliminate the 12.4% payroll tax that funds SS and to implement a value added tax (VAT) to make up the difference. The VAT tax raises the price of goods which hits lower and middle income families the hardest, thereby negating the savings from eliminating payroll tax. Once again it's a plan to rob the poor to pay the rich, a reverse Robin Hood. Maybe Robin' the Hood?