Payroll Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Just at $250,000 and above. she was concerned about lifting the payroll cap between $100,000 to $250,000. we'll see what she does going forward. she was talking about people paying their fair share into the system and protecting middle class folks. social security is a fascinating issue we've gone back and forth on over the last couple years. republicans as part of an austerity agenda have wanted to cut social security. they use these scare tactics of $25 trillion over infinity. honestly, just listening to this, what does that mean? $25 trillion over infinity. this is a problem we should addre...

People will finally have a choice. >> very quickly, the frustration i have with this there's no shared set of facts. i think we all know -- >> no no there is. >> there isn't. >> there really is a shared set of facts. if you raise the payroll cap, instead of saying after $118,000 of income you no longer have to pay into social security then these issues about the deficit go away for the very long for seeable term that is shorter than infinity. that does constitute a tax increase, a tax increase on a particular set of people. as soon as you start talking about taxes, it is an issue about values,...

Spending, government is critical to the recovery. >> my criticism is of president obama, and i've complimented him in other areas. in this regard, it's a huge missed opportunity. i think we need fundamental tax reform and get rid of loopholes and deductions, we do not need to raise tax on job creators but he should have embraced the simpson plan, there are big things he needs to do and he needs to take leadership on and he has completely just dumped the responsibilitity for fixing the fundamental problems in the economy. >> you see people that want fewer taxes and more entitlements, so it's an...