Comments on: (Anti-)Trust Me, You’ll Love This Blawg Review http://www.patentbaristas.com/archives/2008/03/04/anti-trust-me-youll-love-this-blawg-review/ Freshly Brewed Bio/Pharma Chat. Served Up Daily. Thu, 18 Mar 2010 11:54:35 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Editor http://www.patentbaristas.com/archives/2008/03/04/anti-trust-me-youll-love-this-blawg-review/comment-page-1/#comment-44279 Editor Wed, 05 Mar 2008 13:43:46 +0000 http://www.patentbaristas.com/archives/2008/03/04/anti-trust-me-youll-love-this-blawg-review/#comment-44279 To clarify, the barackobama.com website states: "Obama supports increasing the maximum amount of earnings covered by Social Security." Noteworthy, the amount of income subject to social security tax has increased every year since 1994 (data available) under both democratic and republican administrations and will increase again in 2008 by $5500. Likewise, John McCain has said he would consider increasing the maximum amount of earnings covered by Social Security. Hillary Clinton has publicly avoided taking a specific stand on the issue but has said she would be willing to consider an idea that John Edwards had been promoting — raising Social Security taxes on high-income earners. No candidate has said they would eliminate the cap. We stand by our words. To clarify, the barackobama.com website states: “Obama supports increasing the maximum amount of earnings covered by Social Security.”

Noteworthy, the amount of income subject to social security tax has increased every year since 1994 (data available) under both democratic and republican administrations and will increase again in 2008 by $5500.

Likewise, John McCain has said he would consider increasing the maximum amount of earnings covered by Social Security. Hillary Clinton has publicly avoided taking a specific stand on the issue but has said she would be willing to consider an idea that John Edwards had been promoting — raising Social Security taxes on high-income earners.

No candidate has said they would eliminate the cap.

We stand by our words.

]]> By: Ted http://www.patentbaristas.com/archives/2008/03/04/anti-trust-me-youll-love-this-blawg-review/comment-page-1/#comment-44269 Ted Wed, 05 Mar 2008 11:50:46 +0000 http://www.patentbaristas.com/archives/2008/03/04/anti-trust-me-youll-love-this-blawg-review/#comment-44269 A little dishonest to say "there wasn’t any evidence that Obama is even in favor of eliminating the cap" when the page you link to includes an economic analysis of the benefits of eliminating the cap, and Obama has said several times he supports a tax policy that would result in the elimination of the cap. In any event, the spreadsheet contains an option for changing the assumptions to reflect different possible Obama treatments of the social security cap consistent with his several other inconsistent vague proposals, and all of them result in substantial tax increases. A little dishonest to say “there wasn’t any evidence that Obama is even in favor of eliminating the cap” when the page you link to includes an economic analysis of the benefits of eliminating the cap, and Obama has said several times he supports a tax policy that would result in the elimination of the cap. In any event, the spreadsheet contains an option for changing the assumptions to reflect different possible Obama treatments of the social security cap consistent with his several other inconsistent vague proposals, and all of them result in substantial tax increases.

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