"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Tuesday, December 14, 2010

Bernie Sanders: Tax cut deal could lead to a severe degradation of Social Security as we know it

Bernie Sanders back on The Ed Show speaking on behalf of all children and grandchildren.

Bernie Sander said that the framework of the plan could lead to a severe degradation of Social Security as we know it. "I just spoke this afternoon to one of the leaders of one of the largest senior citizen organizations in this country and she worries very much that when you start diverting a hundred and twelve thousand dollars of payroll taxes away from Social Security, this could be the beginning."

"Our Republican friends like this idea and they will extend, I fear, that concept. It is not good for the future of social security."

"What the president in my view -- what all of us should have done -- is gone around the country, rallied the American people and said 'really, do you think we should be lowering the estate tax for the top three-tenths of one percent? Do you think we should be continuing low rates on dividend and capital gains taxes? Do you really think that billionaires need a tax break?'



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