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More on the Rumored Social Security Tax Cut
USA Today contributor Paul Davidson, in a post on www.usatoday.com, notes that “several prominent economists” downplay the effectiveness of a cut in the FICA rate from 6.2% to 4.2%, suggesting that workers might not freely spend the extra cash in their paychecks. IN the words of Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget, “It’s a step in the wrong direction when debt is already at a record high.” Read Davidson’s post here…
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