Obama could say "I'll go with you on chained CPI, but let's raise the FICA tax cap."
And even in less rancorous times, restructuring the FICA tax would be a gargantuan job.
I say, as I've said before, that Obama should put on the table raising the cap on FICA taxes.
I agree with Scroll Down from that other thread, who wants to lift the cap (right now around $108,000) on the FICA tax.
Were it up to me, we'd just have a much more progressive FICA tax, and one that brought in more revenue, and we'd be done with it.
It's now around $115,000 (that is, FICA taxes are taken out only of wages up to that level).
The mother-in-law greets the bride by making the sign mano in FICA with her right hand.
An acronym for Federal Insurance Contributions Act. FICA taxes are deducted from the pay of most American workers to support Social Security programs.