President Obama wants to radically change this system so that it is based on a class-warfare model.

President Obama came out for lifting the cap on income on which the Social Security payroll tax is applied. If the cap is removed entirely, it will also mean a huge increase in the marginal tax rates that affect decisions to work, invest and save.
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It appears that President Obama wants to radically change this system so that it is based on a class-warfare model.