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Is Clinton Opening Door To Breaking Middle Class Tax Pledge?

- January 27, 2016

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Yesterday, Clinton Called For Lifting The Social Security Tax Cap And For Additional Sources Of Income To Qualify For The Tax. QUESTIONER: “We would like to hear how you describe your plan for updating and building on Social Security.” CLINTON: “…Secondly, we do have to extend the life of the trust fund and that’s going to take some new funding. And I think there are a couple of potential ways of doing that. One is lifting the cap, one is applying the already existing payment requirement to more income because there’s a lot of passive income that is not included in that and it’s a, its again not fair that wealthy people get away with that while working people pay their share on their earned income, so we have to look at that.”(Hillary Clinton, Remarks In Decorah, IA, 1/26/16)

  • To Increase Revenue For Social Security, Clinton Has “Openly Mused About Lifting The Cap On Income Subjected To Social Security Taxes.” “Hillary Clinton said on Tuesday that new revenue was needed to shore up Social Security and openly mused about lifting the cap on income subjected to Social Security taxes, a position championed by Senator Bernie Sanders of Vermont.” (Patrick Healy, “Hillary Clinton Says Some Americans Might Have To Pay More Into Social Security,” The New York Times , 1/27/16)

The Current Social Security Tax Cap Is $118,500

The Current Limit On Income Taxable For Social Security Is $118,500. “Clinton was responding to a question from the audience at a community college about the fact that the wealthy and upper middle class don't pay Social Security taxes on anything they earn above a certain amount. That limit is $118,500 this year. ‘I can understand why you'd think that was unfair,’ the former U.S. senator and secretary of state said, before suggesting an increase in the limit.” (Max Ehrenfreund and Anne Gearan, “Clinton Is Open To Raising Social Security Taxes On Six-Figure Earners,” The Washington Post , 8/12/15)

CLINTON HAS PLEDGED NOT TO RAISE TAXES ON AMERICANS MAKING LESS THAN $250,000 A YEAR

Clinton Has Made A “Pledge” To “Not To Raise Taxes On Families Making Under $250,000 A Year.” MUIR: “This is fun, this is democracy at work. And Secretary Clinton, let me ask you about your tax plan because from the crushing cost of college education the next question most families have is will my taxes go up under the next President? You have said it's your goal not to raise taxes on families making under $250,000 a year, a goal, but can you say that's a promise as you stand here tonight?” CLINTON: “That is a pledge that I'm making…” (Hillary Clinton, Democrat Debate, 12/19/15)

  • Clinton’s Campaign Spokesman Brian Fallon: Clinton “Fundamentally Rejects The Idea That We Should Be Willing To Raise Taxes On Middle-Class Households.” “Hillary Clinton has yet to release a full tax plan, but her campaign said Friday that she won’t raise taxes on families earning less than $250,000.Brian Fallon, Clinton's press secretary, said before the debate that Clinton ‘fundamentally rejects the idea that we should be willing to raise taxes on middle-class households. We need to raise these families' incomes, not their taxes.’” (Dan Merica, “Why Bernie Sanders Is Calling Hillary Clinton Out On Paid Family Leave,” CNN, 11/16/15)

Clinton Has At Times Waffled On The Pledge, Instead Calling It A “Goal”

In A Recent Interview, Clinton Hedged On Her Previous Pledge Not To Raise Taxes On Middle-Class Americans, Instead Calling It A “Goal.” STEPHANOPOULOS: “You’re also saying no tax increases at all for anyone earning under $250,000. Is that a rock solid read my lips promise?” CLINTON: “Well, it certainly is my goal and I’ve laid it out in this campaign and it’s something President Obama promised, it’s something my husband certainly tried to achieve, because I want Americans to know that I get it.” (Hillary Clinton, ABC’s This Week, 12/6/15)

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