“The plan is basically just to raise taxes on people.“
Today on his national radio program, Ben Shapiro ripped Senator Bernie Moreno’s (R-Ohio) plan to impose a $3 trillion tax increase on the American people:
Shapiro said:
“So Bernie Moreno, who I campaigned for in Ohio, I like Senator Moreno a lot, but this is a bad idea.
He is signing on to some sort of plan for Social Security that Elizabeth Warren is signing on to. Elizabeth Warren, who again, is part of the Bernie Sanders left. The plan is basically just to raise taxes on people.
So, again, the idea would be to increase taxes beyond the payroll tax, beyond the $184,000 cap. Get rid of the payroll tax cap. So what does that actually mean?
Well, here’s the way Social Security taxes work. You pay half, your employer pays half. So if you’re making more than that, now we’re [the Moreno-Warren plan] going to raise taxes on you and your employer.
And if you’re self-employed, then there will be no limit. 15% more tax on you for every dollar earned above $184,000. And this is supposed to save Social Security.
That is ridiculous. The actual restructuring of Social Security that needs to happen, this will not fix the problem. It will just continue to exacerbate the problem.” – Ben Shapiro (The Ben Shapiro Show Ep. 2492 49:57-51:00)
