Romney suggests cutting retirement benefits for younger Americans

[Guno צְבִי]

Romney raised the politically controversial idea of cutting benefits, but only for younger generations before they reach retirement age.



“For younger people coming along, we got to be able to find a way to balance these programs or we’re gonna find ourselves in a heap of trouble,” he said. He added that he was not in favor of raising taxes as a way of balancing the books, but was open to adjusting “long-term benefits not for current retirees”.

https://www.msn.com/en-us/news/poli...AAVIA4m?cvid=73c5f68216db4c22b2d2e8aad48359bc

 

[Jack]

I think Romney is heavily invested in IRAs. Maybe that is part of his reasoning.

 

[Jack]

Many have suggested lifting the cap on the Earnings that are Taxed. A simple solution.

 

[Nordberg]

We could just tax the wealthy and corporations and make America a nicer place to live. Romney has a fucking elevator for his cars.

 

[Jack]

We could just tax the wealthy and corporations and make America a nicer place to live. Romney has a fucking elevator for his cars.

So far, the only ones being Taxed are the unrich.

"The Social Security tax limit is the maximum amount of earnings subject to Social Security tax. The Social Security taxable maximum is $142,800 in 2021. Workers pay a 6.2% Social Security tax on their earnings until they reach $142,800 in earnings for the year."
https://money.usnews.com › ... › Social Security

So from 142,800 to a Billion (Zillion) is NOT taxed.