Give tax cut to overburdened families

Give

tax cut to overburdened families

Clinton as usual has

turned the Social Security, Medicare and tax reduction

issues into a political issue that is incapable of having

a rational discussion with a reasonable solution.

The liberal

Democrats have made the statement that you can't take the

money away from Washington and the 1 percent tax rate

reduction benefits the rich. Our high school arithmetic,

based on 1 percent reduction at the 15 percent rate, is

in reality a 6.67 percent reduction and the 31 percent

rate is in reality 3.2 percent and barely covers

inflation.

Obviously

the 36 percent and 39.6 percent rates approach the

inflation rate. It seems reasonable to me to go with the

tax reduction rather than pay down the national debt with

a surplus that is very questionable. What business pays

down long-term debt with a surplus that does not or may

not exist? This may be the only opportunity for a start

on tax reduction for the average family whose total tax

burden now approaches 50 percent in an economy where 40

percent pay no federal income tax.

Social

Security will only become a manageable fund when a

separate, discrete, accurate account is set up to rigid

bookkeeping standards and not hidden in the so-called

IOU/voucher system. In actuality, the employee and

employer pay 6.2 percent each for the Social Security tax

on a maximum that is being constantly raised. Medicare

tax rate is 1.45 percent with no wage limit -

obviously those on welfare pay nothing as there is no

income.

In this

case Social Security benefits are properly paid as

dependent on income wages and work force participation.

There is no wonder Medicare won't be solvent in 2005. The

Republicans are trying to sort these problems out for

solution but Clinton's demagoguery prevents national

discussion.

James W.

Ryan

Peachtree

City

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