July 27, 2000 |
Fearing widespread defections, the White House and Democratic leaders Wednesday urged House members to hold the line against a Republican plan that would repeal a portion of the tax on Social Security benefits. The bill--scheduled for floor action today--would repeal a tax increase on wealthier elderly Americans approved by Congress in 1993 as part of President Clinton's budget plan for combating a deficit.
CALIFORNIA | LOCAL
February 4, 1999
If there is the potential for a financial crisis in the Social Security system for the needs of coming generations of older Americans, why do we limit the Social Security tax to lower-income earners? Why is there a cutoff at earnings of $72,600 for contributions to Social Security? Why is not all earned income taxable for Social Security? CLARA BROWDA Los Angeles
January 19, 1999 |
Determined to show that his embattled presidency is alive and kicking, President Clinton plans to use tonight's State of the Union address to push for an ambitious agenda of education programs, Social Security reform and tax cuts.
June 24, 1998 |
A cadre of House liberals, admitting that they have been outmaneuvered in discussions concerning the future of Social Security, on Tuesday announced a campaign to defeat proposals that would allow workers to place some of their Social Security taxes into individual investment accounts. The debate about revamping the retirement system "has been one-sided and has shut out the voice of the American people," said Rep. Jerrold Nadler (D-N.Y.
May 3, 1998
In the April 19 Shop Talk column, there was a question whether the employer of a domestic worker is obligated to pay Social Security taxes. The answer depends on the relationship between the worker and the employer. If domestic workers have their own janitorial or cleaning service where they bring their own equipment--vacuum cleaner, brooms, mops and cleaning supplies--they are considered self-employed and required to pay Social Security taxes as a self-employed individual. But if the domestic worker goes to the home, uses the supplies provided by the homeowner and follows the directions given by the employer, an employer-employee relationship exists and the employer is required under the law to pay Social Security taxes and give the worker a W-2 form each year.
March 15, 1998 |
Sen. Daniel Patrick Moynihan (D-N.Y.) is proposing changes to save Social Security by cutting payroll taxes, reducing cost-of-living adjustments and encouraging workers to set up retirement accounts, the New York Times reported. He said Social Security defenders should propose changes and not just resist conservative efforts to privatize the program.
CALIFORNIA | LOCAL
July 7, 1997
Re "Senate OKs Own Tax-Cut Measure," June 28: The current efforts by both the Senate and House of Representatives to concoct budget appropriations bills leave me dumbfounded. I still cannot, and will not, believe that we can eliminate the national deficit and afford the sizable tax cuts (which I dearly would love to have) that these plans offer, both at the same time. Yet, a significant majority of the public goes right along with these machinations. If we accept these bills as our solution, I strongly feel that we shall pay a steep and damaging price later down the road.
February 9, 1997 |
Attorney Ed Long was giving his standard pop quiz to a rapt audience that was finding some of the questions easy. True or false: Most people never live in a nursing home. "True," murmured his listeners, correctly. But others were tricky. True or false: Everyone should have a living trust. Sounds like a good idea, but not always, explained Long. "What's the reason to do a living trust?" he asked. "Avoid taxes!" The answer was a confident chorus.