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(2) Doing so results in a substantial tax increase - $2,000 on $100,000 a year earners, $400 for those making $20,000.
(3) "Restoring the 2% lost....would be a nearly 50% tax increase (for) 94% of all Americans...."
(4) House and Senate Republicans oppose any increases. So do many Democrats, especially in election years or when economic conditions are weak.
(5) Obama's proposal undermines Social Security's long-term solvency. Repaying what's lost from general revenues is greatly impeded by the size of the deficit and planned austerity coming to reduce it.
(6) Maintaining the 2% cut indefinitely will cause massive benefit cuts and eliminate any chance for improving them, notably for society's poor and disadvantaged.
(7) Middle class households will also be harmed, violating Franklin Roosevelt's pledge that:
"We put those pay roll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and their unemployment benefits. With those taxes in there, no damn politician can ever scrap my social security program. Those taxes aren't a matter of economics, they're straight politics."
FDR never met Obama or congressional Republicans and Democrats. What he gave, they'll end, violating a government-mandated right.
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