Saturday, May 14, 2005

Democrat Plans a Social Security Bill

The lawmaker, Representative Robert Wexler of Florida. said on Friday: "I have the largest amount of Social Security recipients of any Democrat anywhere in the country. My allegiance to seniors is greater than my allegiance to the Democratic Party."
The proposed legislation, which Mr. Wexler plans to outline on Monday in Florida, calls for a 6 percent tax on all income above the current $90,000 cap. Three percent would be paid by workers and 3 percent paid by their employers.
The measure would not require any cut in scheduled benefits or any increase in the retirement age, and it does not provide for private accounts.

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