Moynihan’s Plan to Cut Payroll Tax
Split-screen imagery for the President:
One side--”We simply can’t afford to lower the Social Security tax for workers! We must impose the increased tax of Jan. 1. To do otherwise would cause a further deficit! I shall fight vigorously in opposing any reduction!”
Opposite side--”We simply can’t afford not to lower the capital gains tax. To do otherwise would penalize large investors and deprive them of rightful gains. Congress must see the wisdom of lowering this tax.”
L. HENRY
Long Beach
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