??? Are you now saying it would take an act of Congress to lower the 23 percent rate, but not raise it???? Even with that partial admission you are admitting lewislynn was right all along on that point.
And yes, you have made statements about it taking an act of Congress to both raise and lower the 23 percent rate despite what the bill clearly says:
post 310 by pigdog: "The infamous "unelected bureaucrats raising taxes" ploy you've continually tried (unsuccessfully) to use isn't correct and never has been. They merely determine the split of tax revenue required to fund the S/S entitlement as required by S/S law - which it should be noted isn't part of the FairTax law at all. They have no power to raise (or lower) the FairTax rate ... that's what we pay the "big bux" to Congress for."
post 328 by pigdog: "Any change in the overall FairTax rate would have to be done by Congress, not some "unelected bureaucrat".
post 351 by pigdog: " And to change the FairTax rate it would, indeed, take congressional action."
post 368 bt pigdog: "This means that the remaining portion which is the General Revenue Rate will in effect increase since the other two have decreased and the statutory rate for all three combined must be 23% (or whatever the rate ends up as in the bill) unless changed by Congress."
I hope 4 examples are enough, because there are more...
`(2) FOR YEARS AFTER 2007- For years after the calendar year 2007, the rate of tax is the combined Federal tax rate percentage (as defined in paragraph (3)) of the gross payments for the taxable property or service."Shall be" doesn't mean maybe or it can change on a whim by SS because they need more or less money, it means IT WILL BE 14.91%...period.`(3) COMBINED FEDERAL TAX RATE PERCENTAGE- The combined Federal tax rate percentage is the sum of--
`(A) the general revenue rate (as defined in paragraph (4), and
`(B) the old-age, survivors and disability insurance rate, and
`(C) the hospital insurance rate.
`(4) GENERAL REVENUE RATE- The general revenue rate shall be 14.91 percent.
pigdog's paragraph (like everything he posts) is a lie, the rest is the law. To change the paragraph 4 rate to anything other than stated in the law WOULD take an act of congress. The other rates "shall be determined" by unelected bureaucrats at SS. Whatever they do would be combined with the 14.91% rate to change the overall rate which is why it has to be announced 6 months prior to implementation...If the 23% rate doesn't change, what's to announce?
It's simple logic, not rocket science.
It's simple logic, not rocket science.That was not directed at you. I know you (unlike pigdog) have a grasp of what the legislation means.
"It takes an act of Congress to change the GRR of 14.91%, but not the other rates. "
You also don't get to select out the word or phrase that you choose to interpret and present as the whole meaning of a statement. My statement about Congressional action to change the rate was in relation to the possible need to lower the rate due to having more than sufficient tax revenue to cover the reduced proportions of the entitlements plus the GRR. Congress would need to alter the GRR upward or they would have excess tax money scattered all over the Beltway with no place to put it.
Can't have that, can we?