It seems one democrat has a plan.
- In new political maneuvering over Social Security, a Democratic lawmaker on Monday will introduce a plan for shoring up the finances of the retirement system, putting him at odds with leaders of his party.
Rep. Robert Wexler of Florida says that by imposing a 6 percent tax on wages above $90,000, to be paid half by workers and half by employers, the government could raise enough money to solve Social Security's financial problems for 75 years. Workers and employers pay a combined 12.4 percent Social Security tax on wages up to $90,000 a year, but none on amounts above that.
- In proposing the idea, Wexler has drawn praise from the White House but criticism from some in his own party.
- "He's a party of one on this," said Jim Manley, spokesman for Senate Minority Leader Harry Reid, D-Nev.
"This is not the Democratic plan," said Jennifer Crider, press secretary to House Minority Leader Nancy Pelosi, D-Calif.
B4B has this.