# 47 Bush tax hike coming.
One way or another, he will have to raise taxes - and since his 'cut' knocked some 10% off the tax rolls altogether, those of us who pay taxes will have to pony up an even larger share.
http://apnews.myway.com/article/20050105/D87DUMR80.html
Bush Eyes Plan Using Bulk of Payroll Taxes
Jan 5, 8:28 AM (ET)
By LEIGH STROPEWASHINGTON
(AP) - President Bush is expected to unveil his plan for a Social Security overhaul in late February, with administration officials eyeing investment accounts that would hold two-thirds of workers' annual payroll taxes.
An administration official, who spoke on condition of anonymity, said the size of the private accounts could be similar to those in a proposal by Sen. Lindsey Graham, R-S.C., and the main plan from Bush's 2001 Social Security commission.
http://apnews.myway.com/article/20050105/D87DUMR80.html
Bush Eyes Plan Using Bulk of Payroll Taxes
Jan 5, 8:28 AM (ET)
By LEIGH STROPEWASHINGTON
(AP) - President Bush is expected to unveil his plan for a Social Security overhaul in late February, with administration officials eyeing investment accounts that would hold two-thirds of workers' annual payroll taxes.
An administration official, who spoke on condition of anonymity, said the size of the private accounts could be similar to those in a proposal by Sen. Lindsey Graham, R-S.C., and the main plan from Bush's 2001 Social Security commission.
posted by T.G. at 7:27 AM
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