Social Security Tax

Reducing the Social Security tax rate, which would benefit the lowest-income people and the middle class, is what’s needed to “balance” President Bush’s income tax rate reduction, which primarily benefits the highest-income people.

Instead of having all of the revenue needed to support Social Security raised by a tax imposed only on incomes of up to $80,400--a tax “break” for the high-income people--make the tax payable on all income of whatever amount. This would make it possible to substantially reduce the rate, providing significant tax relief to those who need it most, and who will spend it promptly, thereby stimulating the economy now, not 10 years from now.

ALAN R. GORDON

Camarillo