Higher Payroll Taxes? Why?

Brief

Higher Payroll Taxes? Why?

April 15, 2003

Abstract

[United Press International] Would most Americans be in favor of raising payroll taxes on the middle class to finance huge income tax cuts for the rich? Unquestionably, no. Yet, that is exactly what President Bush is now proposing. He argues for cutting tax rates on high-income families, eliminating all estate taxes, and tax-sheltering most of their savingsall of which would be financed by the steep payroll taxes that workers in lower-to-middle income families have been paying for decades.

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