To: .cnI redruM
"... Rep. Jeff Flake, the Arizona Republican who offered the motion, says the only way to hold down costs is for means-testing to exclude the wealthiest seniors from the new drug benefit altogether. ..."
I hate that this is going to happen, because the drug benefit I have since retiring from IBM is much better than this sorry mess. But there is another way to "means test" the benefit, and that is to make it taxable income. Fot those paying tax at the lowest rates, or not at all, the burden would be small. For the wealthy, it would be more substantial. And that part of the tax could be earmarked for return to the program.
To: MainFrame65
I could buy into progressively taxing the benefit....anything to keep it from eating the whole budget and leaving nothing for the people who still have to get up and go to work in the morning.
22 posted on
10/09/2003 8:57:45 AM PDT by
.cnI redruM
(Zot me and my screen name gets even dorkier!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson