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Tim Pawlenty on Social SecurityRepublican MN Governor |
A: [The cap is currently] $97,000 for an individual or so.
Q: But there would be a lapse between $97,000 and $200,000 or $250,000.
A: Well, but when you look at $97,000 of income, I think that’s people who are clearly middle income or upper middle income, but that affects a lot of Americans.
Q: Obama is for dramatically increasing taxes. And Sen. McCain doesn’t believe that’s the way to grow the economy.
Q: But Obama says he wants to do it only for those families making more than $250,000 a year.
A: Well, when you look at his proposals, including lifting the cap on Social Security taxes....
Q: But Obama says increasing Social Security withholding taxes would only go into effect for people making more than $200,000 a year.
A: $97,000 for an individual or so.
Q: But there would be a lapse between $97,000 and $200,000 or $250,000.
A: Well, but when you look at $97,000 of income, I think that’s people who are clearly middle income or upper middle income, but that affects a lot of Americans