By Owen Paine on Thursday February 16, 2006 03:55 PM
Here's a pair of offsetting fiscal moves that would help
both Greenies and wage-workers too.
Maybe you can run this up your your local Democrat's flag pole
to see if it gets a salute: a $2-a-gallon tax on gasoline whose proceeds
reduce dollar-for-dollar payroll taxes.
Pour the revenue into the SSI trust fund and offset it
by cutting the SSI tax rate.
Start with a generous tax cut upfront, of course. Then apply the tax. Do a rolling adjustment. This is one program with a long enough flight path to allow erring on the side of an overcut to begin with.
