Obama Annouces Proposal to Protect Social Security

Jun 14, 2008 at 10:18 AM
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Also, he plans not to tax the first $50,000 of retiree's income. That will go a long way to securing the retirement of people like me who won't make nearly that much in retirement.

http://news.enquirer.com/apps/pbcs.dl...

Sen. Barack Obama promised senior citizens Friday that as president, he would protect Social Security benefits and provide universal health care. To extend the life of Social Security, Obama proposed applying a payroll tax to annual incomes above $250,000, affecting the wealthiest 3 percent of Americans. The Democrat also proposed eliminating income tax for any retiree making less than $50,000. "Secure retirement is no longer a guarantee for the middle class,'' Obama said during a visit to Oakleaf Village retirement center with his wife, Michelle. "It's harder to save and harder to retire."

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You mean he wouldn't tax the poor? What a radical idea.

What a concept, eh?

Obama Annouces Proposal to Protect Social Security

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