Bipartisan group fears tax cut is damaging Social Security
For all of the partisan brawling over President Obama’s call to extend a temporary payroll tax cut for 160 million Americans, one concern is bipartisan: A significant minority of Democrats and Republicans say that cutting the taxes that finance Social Security benefits will further undermine the program. The Obama administration, many budget experts (but not all), and the chief actuary for the Social Security Administration say the proposal will do no such thing. But some conservative Republicans and liberal Democrats who agree on little else are just as adamant that it will.
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