Tax, Spend, and Elect
Wow. About Henry M. Paulson...
"As Bush's third secretary of the Treasury, he has engaged in secret
bipartisan talks discussing an increase in the current $97,500 limit on
personal income subject to the Social Security payroll tax. That would spike
up the top marginal tax rate, demolishing supply-side tax principles that
Republican administrations have purportedly followed for 26 years...One
well-placed House Republican, asking that his name not be used, expressed
alarm that a financier who sold $485 million worth of Goldman Sachs stock in
order to be confirmed at the Treasury cannot appreciate how the payroll tax
ravages self-employed businessmen and farmers." -- Robert Novak
ATSRTWT
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