He is nothing if not consistent.
President George Bush announced that he will continue to support taxing wealthy people at a lower rate for Social Security than everyone else.
Those who earn less than $88,000 a year will pay 12. 4 percent in Social Security tax.
Those who earn more than that will pay a smaller rate, and the more one makes, the smaller the rate.
Those who earn 180K will continue to pay at 6.2% rate.
Those who earn 360K will continue to pay at 3.1% rate.
Those who earn 720K will continue to pay a 1.6% rate.
Those who earn 1.44 million will continue to pay a 0.8% rate.
Those who earn 2.88 million will continue to pay a 0.4% rate.
So while Sammy Sosa with his $10 million salary will pay somewhere around 0.1%, the rest of us will pay 12.4% of our income on Social Security.
Gee, I wonder why Social Security is facing a funding gap?
Republicans favor wealth over work.
This is one of the best examples of Republican policies making the rich richer, the poor poorer and the middle class smaller.
Spread the word.