The classe politique is starting to convince itself cuts to
the federal income tax have gone about as far as possible and the next place to
cut - and there always has to be another place to cut - will have to be payroll taxes.
Those are the taxes that fund Social Security, Medicare, and
(in some usages of the phrase) unemployment insurance.
Cuts to them are direct attacks on the blood supply of
American social democracy, earned benefits, so-called (by their enemies and
lukewarm friends) “entitlements.”
Brace yourselves.
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