Book Description

Excerpt from Future Directions in Social Security, Vol. 3: Hearings Before the Special Committee on Aging, United States Senate, Ninety-Third Congress, First Session; Washington, D. C.; January 23, 1973 I should say in the beginning that my approach to this question is rather specialized, and I hope as I read through this statement, you will feel free to interrupt me with questions at any point. The Social Security payroll tax is now second in size only to the individual income tax, and gaining rapidly. It is also increasingly unfair to the working poor and middle income groups, and is in urgent need of reform, or phasing out. Social Security is an essential social program, but there is no natural law compelling that it be financed by this inequitable tax. It is time for Federal policymakers to appraise the payroll tax on its own merits, and to consider a finance system based on the taxpayer's ability to pay. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.