Page 7 - 2075 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

I think, 2075, no, no, don't think about that and something that would represent a payroll tax cut from 6.2% to 4.2% for just one year, oh! >> that 2 percent-- >> well, i think that, i think ben makes a good point that everyone is posturing on this and everyone's postured-- >> you know, i want to take both of your boxes away you've approached tedious now, but continue that point. >> i-- we know this, we have a real serious crisis with social security. one year of tinkering with it isn't going to change it. we have a serious-- >> could you have won this jo would you have done the 2.4% thing? >>...

They say if we don't implement these strong changes the u.s. will be head for disaster. bill: president obama telling critics on both sides of the aisle hold your fire. at first blush you have seen the proposals and you have seen what, stewart? >> extraordinarily bold. this thing is bold. look at the tax rates, sharply lower across the board. tax deductions, some of them severely limited. rather timid on social security. retirement date goes to 69 in 2075. but you have got a shift on consumption taxes with a 15 cent per gallon increase in the gas tax it's a bold set of proposals. the left has ...

Cut $4 trillion which is only going to put a dent, not eliminate the deficit. and it would seem to me, it is surprising that republicans have not jumped, i understand there are tax increases, but it is 3-1 spending cuts to tax increases. if in the real world where you have to have accommodation, that is not a bad bargain. >>neil: in line with what other governments have done to get the deficit under control. but you would think if they did not like the part that was tax hikes they would focus the three parts that were not but, nothing, nothing. silence. >> some of the things, the democrats in ...

There. this thing is bloated and it's getting worse. >> you put tens of millions of senior into poverty immediately if you did that. nobody who studied this seriously thinks you should scrap social security. you should fix it. i think adjusting the age, the retirement age, i think changing the cola benefits and i think means testing would make some sense. this is the easy problem to fix. soarm security isocial securityy entitlement to fix. the tough entitlement to fix is medicaid and medicare. if we can't get them to fix the easy problem, it will be tougher to get the will to fix a tougher pro...

Putting out a comprehensive, detailed plan. i think it is a wake up call. >> reporter: interest groups especially those on the left, megyn immediately blasted the entire plan especially raising the retirement age to 69 by 2075 and other changes in social security. a liberal group called democracy for america sent emails to members saying the cochairs of the commission declared war on social security. a group called usa action called the plan a reprehensible travesty and railed against the slashing of our safety net. analysts note the changes fall hardest on wealth year taxpayers who will have ...