The Nation - News from Feb. 27, 1986
Rep. Jack Kemp (R-N.Y.) said that Social Security payroll taxes are too high and that “we ought to give thought” to cutting the present rates. The 14.3% payroll tax, half of which is paid by wage earners and half by employers, is an unfair burden on low-income workers and discourages employers from hiring new employees, Kemp, a 1988 GOP presidential prospect, told reporters in Washington.
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