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applegrove

(118,773 posts)
Wed Aug 12, 2015, 06:23 PM Aug 2015

Clinton is open to raising Social Security taxes on six-figure earners

Clinton is open to raising Social Security taxes on six-figure earners

By Max Ehrenfreund and Anne Gearan at the Washington Post

http://www.washingtonpost.com/news/wonkblog/wp/2015/08/12/clinton-is-open-to-raising-social-security-taxes-on-six-figure-earners/

"SNIP...............


So far, Clinton hasn't embraced the liberal prescription for Social Security, but her views could be changing. At a town hall here Tuesday, she said she'd be open to a Social Security tax increase proposed by Sen. Bernie Sanders (I-Vt.), her radical rival in the primary.

During the 2008 campaign, Clinton had flatly rejected such an increase. Her comments this week could suggest that she has warmed to the idea, or that she is responding to a broader shift to the left among Democrats.


Clinton was responding to a question from the audience at a community college about the fact that the wealthy and upper middle class don't pay Social Security taxes on anything they earn above a certain amount. That limit is $118,500 this year.

"I can understand why you'd think that was unfair," the former U.S. senator and secretary of state said, before suggesting an increase in the limit. If the cap were raised, anyone pulling down six figures this year would have to pay taxes not only on their first $118,500, but also on any money they made above that amount, up to the new limit.



.............SNIP"
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Clinton is open to raising Social Security taxes on six-figure earners (Original Post) applegrove Aug 2015 OP
In 2008 she called raising the cap a trillion-dollar increase on middle class families. n/t PoliticAverse Aug 2015 #1
do you have a link for that dsc Aug 2015 #7
Sure! Juicy_Bellows Aug 2015 #8
This message was self-deleted by its author MannyGoldstein Aug 2015 #10
now that is untrue dsc Aug 2015 #13
I deleted my post for now MannyGoldstein Aug 2015 #15
It was mentioned several different times in several places (including campaign mailers) PoliticAverse Aug 2015 #11
Why would she suggest removing the cap entirely? goldent Aug 2015 #24
I would prefer a different tax dsc Aug 2015 #2
It's a welcome start AndreaCG Aug 2015 #3
Open to means.... daleanime Aug 2015 #4
exactly. nt restorefreedom Aug 2015 #20
She's running for Bernie's VP choice. n/t Wilms Aug 2015 #5
Love it. Thank you. senz Aug 2015 #16
It's a good start. n/t Lil Missy Aug 2015 #6
Hillary 4.0 is programmed to evolve on all issues MannyGoldstein Aug 2015 #9
Why is raising the cap a "liberal" idea. Fawke Em Aug 2015 #12
well you are right that it isn't really a liberal idea dsc Aug 2015 #14
Those should be done too.... daleanime Aug 2015 #18
Bernie said he wanted to pull her to the left. It worked!! Thank you, Bernie! senz Aug 2015 #17
totally misleading headline by wapo restorefreedom Aug 2015 #19
I admit to being a little let down by the headline too. But I post articles as they are. I comment applegrove Aug 2015 #22
not a criticism of you at all restorefreedom Aug 2015 #23
This is why it's good having Bernie in the race, even if he doesn't win. QC Aug 2015 #21

PoliticAverse

(26,366 posts)
1. In 2008 she called raising the cap a trillion-dollar increase on middle class families. n/t
Wed Aug 12, 2015, 06:26 PM
Aug 2015

Last edited Wed Aug 12, 2015, 07:10 PM - Edit history (1)

dsc

(52,166 posts)
7. do you have a link for that
Wed Aug 12, 2015, 07:03 PM
Aug 2015

I do recall her calling it a tax increase and mentioning middle class families but I sure don't recall a trillion.

Response to Juicy_Bellows (Reply #8)

dsc

(52,166 posts)
13. now that is untrue
Wed Aug 12, 2015, 07:18 PM
Aug 2015

she didn't say she would cut benefits, in point of fact the link provided shows the opposite.

PoliticAverse

(26,366 posts)
11. It was mentioned several different times in several places (including campaign mailers)
Wed Aug 12, 2015, 07:14 PM
Aug 2015

in slightly different versions. Here's what she said in the November 15, 2007 Democratic Debate in Las Vegas
( From: http://transcripts.cnn.com/TRANSCRIPTS/0711/15/se.02.html )

I do not want to fix the problems of Social Security on the backs of middle-class families and seniors. If you lift the cap completely, that is a $1 trillion tax increase. I don't think we need to do that.


goldent

(1,582 posts)
24. Why would she suggest removing the cap entirely?
Wed Aug 12, 2015, 09:25 PM
Aug 2015

They could raise the cap and/or they could tax at a different rates etc. It might be that raising the cap 10K would be enough. I guess she didn't want to discuss it at the time.

dsc

(52,166 posts)
2. I would prefer a different tax
Wed Aug 12, 2015, 06:26 PM
Aug 2015

which I also said in 2004 and 2008 when this came up. The problem with SS, to the extent it has a problem, isn't that the rate or even the amount of money subject to the tax is too low. the problem is that money was 'borrowed' from it to keep the over all budget in better shape than it actually was. The correct prescription is to raise the taxes that were cut in the 1980's and 2000's (income and capital gains) and use that money to pay SS back. But if that can't be done, then this is a better idea than nothing or cutting benefits would be.

AndreaCG

(2,331 posts)
3. It's a welcome start
Wed Aug 12, 2015, 06:27 PM
Aug 2015

I think the cap should be eliminated and also applied to stock option amounts and the other tax dodges the wealthy employ. But it's progress. I'm glad she's going more left on economic issues than her husband did.

 

MannyGoldstein

(34,589 posts)
9. Hillary 4.0 is programmed to evolve on all issues
Wed Aug 12, 2015, 07:10 PM
Aug 2015

But just wait for the 4.1 upgrade after her inevitable nomination... you Proles will see what happens when you @#$& with your betters...

dsc

(52,166 posts)
14. well you are right that it isn't really a liberal idea
Wed Aug 12, 2015, 07:21 PM
Aug 2015

this is a tax that only affects earned income and would be being applied to people who are way less rich than other solutions to this would be applied to. I think raising the income tax and increasing the rate on capital gains would be way more progressive.

restorefreedom

(12,655 posts)
19. totally misleading headline by wapo
Wed Aug 12, 2015, 08:53 PM
Aug 2015

this is the headline
Clinton is open to raising Social Security taxes on six-figure earners

what she said
"I can understand why you'd think that was unfair," the former U.S. senator and secretary of state said, before suggesting an increase in the limit. If the cap were raised, anyone pulling down six figures this year would have to pay taxes not only on their first $118,500, but also on any money they made above that amount, up to the new limit.

she did NOT suggest anything. she just said "if the cap were raised." that is not an endorsement ..it's an explanation of how the process works. And wapo just ran with it

this is the kind of word manipulation that the Clintons have become masters at. We can't let people fall for it. she did not suggest raising the cap. She was just thinking out loud about what it would be like if it were raised.

BIG DIFFERENCE

from elsewhere in the article

During the 2008 campaign, Clinton had flatly rejected such an increase. Her comments this week could suggest that she has warmed to the idea, or that she is responding to a broader shift to the left among Democrats.

COULD SUGGEST that she has warmed to the idea??

once again, there is no substance, no actual stance, but m$m decides to give her the benefit of the doubt.

more of the same

disgraceful, wapo

applegrove

(118,773 posts)
22. I admit to being a little let down by the headline too. But I post articles as they are. I comment
Wed Aug 12, 2015, 08:57 PM
Aug 2015

on them later.

restorefreedom

(12,655 posts)
23. not a criticism of you at all
Wed Aug 12, 2015, 09:00 PM
Aug 2015

but for a major paper to be so blantantly misleading, even to the point where in their own article they can't substantiate it, well they should really be embarrassed but sadly they're probably not.

QC

(26,371 posts)
21. This is why it's good having Bernie in the race, even if he doesn't win.
Wed Aug 12, 2015, 08:57 PM
Aug 2015

He gives Hillary room to move left while seeming "reasonable." He brings important issues into the discussion that otherwise would be kept locked out.

Anyone who wants a coronation is just a groupie and really needs to be giggling at pictures on a Justin Bieber fansite.

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