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Proposals to Cut Social Security Tax Split Democrats
A split within the Democratic Party over cutting Social Security payroll taxes pits junior lawmakers and Speaker ONeill against senior tax leaders and the White House. Supporters argue for offsetting income tax relief and inflation containment, while opponents warn against reopening Social Security financing and political risk to Carter.
MENTIONED IN THIS ARTICLE
Demo
Edward Cowan
New York Times
Washington
United States
Democratic Party
Carter
House
Thomas P. O'Neill Jr
al Ullman
Ways and Means
Russell B. Long
Finance
Congress
Administration
Barry P. Bosworth
The
Council On Wage and Price Stability
Bosworth
Council of Economic Advisers
Council
Labor Department
Treasury
Medicare
White House
Senate
Senator Long
Stuart Eizenstat
Mr. Carter
O'Neill
Capitol Hill