well well well, Bush Moves! maybe wealthy americans will have to pay something for their free lunch.
washingtonpost.com: Media Notes Extra: "'In an important shift from his hard-line stance against tax increases, President Bush has said he is open to raising taxes on wealthier Americans to cover the costs of transforming Social Security,' says the Los Angeles Times. Here's the switch: 'The president, in an interview published Wednesday in several regional newspapers, left the door open to the idea of raising the cap on wages subject to the Social Security tax as a way to help cover the transition costs of private accounts. Earnings above $90,000 are not subject to tax now.' Um...isn't that a tax increase for those in the higher brackets? And doesn't Bush say he's against higher taxes?"