I’m sure Quin would argue that he is incentivizing rather than penalizing. Either way, my bigger problem with his proposal is that it is quite a concession to those who want to raise the payroll tax cap or remove it entirely. I understand that what Quin is proposing is far more limited than that, but once you concede that we should have a higher payroll tax cap to ensure progressivity and increase the revenue flow to Social Security, then arguments against more sweeping Democratic proposals come down to a matter of details.
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That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign.
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