Social Security's zealous raider.(The Taxonomist)(Alan Greenspan)
American Prospect, The, April, 2004 by McIntyre, Robert S.
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Twenty-five years ago, I wrote a playful spoof pretending that the top Republican member of the House Ways and Means Committee had proposed capping the income tax at $50,000 in earnings, with everything above that tax-free. Although GOP affection for unfair taxation was almost as strong then as it is today, nobody really went that far.
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But Federal Reserve Chairman Alan Greenspan has recently offered his own version of my ostensibly nutty idea. In February, he told the Senate Budget Committee that he wants to keep the capped Social Security payroll tax while slashing those pesky ...
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