I am so upset with these so called Republicans. Here's another issue: I have a friend who's a senior citizen who can't cash in any of her CDs without being subject to an 85% tax on her social security. This tax was enacted in '93 or '94 by a Dem controlled house and senate and Clinton. By one vote in the house and Gore had to break the tie in the senate.
Gingrich and Dole house and senate voted to repeal this tax in '95, but it was vetoed by Clinton. So we've had a Republican controlled house and senate and Republican Prez since '02; instead of repealing this stupid tax, they create this behemoth prescription drug benefit.
Think of it. The seniors who can afford it can pay for their own drugs; the drugs would probably wind up being cheaper, but instead they're paying an unfair tax.
But you're going to keep voting for them, aren't you? So why they hell should they care what you think?
She better check her facts. Cashing CDs results in no tax (unless they're in a tax-deferred retirement plan (e.g., IRA or 401(k)), in which case the issue is not cashing CDs, but withdrawing pre-tax dollars from her retirement plan). If she has enough taxable income, up to 80% of her social security may be subject to income tax, but that's a lot different from "an 85% tax."