AP reports on the plan<\/a>. The theory here is that Obamacare gets repealed and replaced, so there is an entitlement done away with or done away with and replaced with something. That\u2019s number one. Remember Trump was big on entitlement reform during the campaign. And this is a back door way of getting into Social Security, by eliminating FICA, which eliminates the funding mechanism.<\/p>\nThat would end the contribution-based funding system for Social Security and some of Medicare, because that\u2019s what FICA deduction is. The payroll tax is how Social Security is funded. Now, keep in mind that Social Security, all of this rigmarole about the trust fund and a lockbox and all this, Social Security long ago passed that point where what you get back is what you paid in. But it still stands as the design, and that\u2019s what is meant by a contribution-based funding system. It means it isn\u2019t welfare, because it\u2019s funded with your money. They deduct it from you.<\/p>\n
Oh. Let me step back and explain this. For those of you that have been here for a while, please indulge me while I go through this. It\u2019s not an insignificant point. It is a great example of how you as a taxpayer are completely misled about your taxes and how much you pay and what it funds. Everybody thinks that on Social Security, the employer pays half, and you pay half, that whatever the tax is, and it\u2019s 12.6% right now, and then some of your salary, you know, until you reach $138,000 a year you have to pay on every dollar you make, and that floor keeps rising.<\/p>\n
But the point is most people think that they pay 6% of their earnings and the employer, the good guy that he is, matches it, it\u2019s a beautiful thing. And then the whole Social Security contribution is handled. In truth, you are paying all of it. The employer isn\u2019t paying a dime. He\u2019s making the payment for you, but you\u2019re paying it.<\/p>\n
![\"\"](\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/Trump-Tax-Returns-C.jpg\")
Here\u2019s how it works. Let\u2019s say that you go to work at the Acme Widget company, and the Acme Widget company agrees to pay you $75,000 a year. That\u2019s your salary. But on top of that, they have to pay your health care and your Social Security and whatever else, whatever other benefits there are. So in truth — I\u2019m gonna make up numbers here for the sake of discussion — in truth it costs the employer $90,000 to pay you $75,000 take home. You just don\u2019t see $15,000 of it. You never touch it, it never comes to you, and you never have the use of it, but it\u2019s what it costs to hire you. Therefore, the employer is paying everything — well, you are. You just don\u2019t see it. The employer\u2019s not matching diddly-squat.<\/p>\n
They position it this way to make you feel like you\u2019re not paying the full 12%, but you are. If you\u2019re paid 75 grand a year and it costs $90,000 to hire you, then you\u2019re actually being paid $90,000. You just don\u2019t see $15,000 of it, whatever. And I\u2019m making up the additional 15. It could be five or 10, depending on what the benefits are and how much your health care costs the employer.<\/p>\n
But the bottom line is every dime of Social Security is coming out of what the employer is paying you. Okay. And it\u2019s important to understand this, because it\u2019s another example of how — it\u2019s not an out-and-out lie. It\u2019s just a misrepresentation to make you not realize how high the Social Security tax is. I mean, if you\u2019re running around thinking it\u2019s 12 — your Social Security tax rate might be as high as your marginal tax rate is.<\/p>\n
So the plan would get rid of that, and that would mean for somebody making $60,000 a year, a tax cut of 3,000, $3,500. But now Social Security doesn\u2019t have a funding mechanism. Now, with this idea in structure, that it is a contribution-based system, it means your money pays for it. If you eliminate that, you\u2019re not eliminating Social Security, by the way. Let me be very clear. They\u2019re not eliminating it. They\u2019re just gonna totally restructure it.<\/p>\n
And once they do that, it becomes a full-fledged welfare program, as opposed to a contribution based program. And whatever you get in terms of Social Security will no longer be based on what your contributions are because there aren\u2019t going to be any. Your FICA has been cut. So on what basis will you collect Social Security, and who will be able to collect it? And how is it paid for?<\/p>\n
Well, the that\u2019s where the alternative tax plans come in, such as a VAT tax is one of the things that\u2019s been proposed, and maybe a border tax, a tariff, but the Trump administration continues to insist that a carbon tax is not part of this. Now, this plan was proposed by a Republican lobbyist with close ties to the Trump administration. And it would revise or transform Brady — Kevin Brady, the chairman of the Ways and Means Committee — would revise, transform his plan on imports into something closer to a VAT tax by eliminating the deduction of labor expenses.<\/p>\n
This would bring it in line with World Trade Organization rules and generate an additional $12 trillion over 10 years, according to budget estimates. And then those additional revenues could then enable the end of the 12.4% payroll tax, which is split evenly between employers and employees — which it isn\u2019t — that funds Social Security while keeping the health insurance payroll tax, and the Medicare tax would not be touched. And the Medicare tax, what is it now, three, three and a half, four percent.<\/p>\n
So, as I say, if you earn 60 grand, it gives you actually almost 4,000, $3,700 additional every year by not paying the payroll tax. And can you imagine that being ballyhooed on the campaign trail? By the way, this plan does not include a reduction in income tax rates, folks. This is the way they get around that. There is, in this tax plan, a reduction in the corporate tax, but there is no reduction in the marginal tax rates on income that are in place now.<\/p>\n
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Now, one of the things that has to be considered here, \u2019cause on the surface it sounds, “Hey, man, that would be great. We get rid of the FICA tax. That means we get rid of Social Security.” No, you\u2019re not getting rid of it, you\u2019re just changing the way it\u2019s funded. And in a contribution-based plan you automatically have limits on payouts. For example. The old saw that you get back what you donate, what you contribute, your Social Security every month is based on how much you paid, right? I mean, that\u2019s the theory.<\/p>\n
We\u2019re long past any of this being relevant, but that\u2019s the theory is. The structural theory is that Social Security payments are rooted to and based on what the individual\u2019s contributions have been or the deductions have been. What if that\u2019s gone? Then how do you base the payouts? How do you determine what a Social Security recipient gets? And, furthermore, how do you determine who is a Social Security recipient and who isn\u2019t?<\/p>\n
If you eliminate the funding of the program from donations and contributions by the taxpayer and it becomes a straight welfare program, and you\u2019ve got the taxes from other activities such as a VAT tax and other things that now create the fund that pays Social Security, on what basis is it calculated? Now, I\u2019m sure there\u2019s a plan, I\u2019m sure there\u2019s a formula. This story does not go into great detail on that. But there is at least, in theory and on paper, there\u2019s a limit to what Social Security payouts can be, which is based on how much you have paid over the years in terms of your FICA tax.<\/p>\n
You cannot collect more than what you paid, theoretically. I mean, we\u2019re long past that, but at least it forms some kind of a foundation. If you eliminate that and it\u2019s just a come one, come all welfare program, then how do you qualify? And who qualifies? And what\u2019s the monthly payout? Are current recipients grandfathered at whatever their current rate would be until they pass away and then for Millennials and others who are not quite there yet a new formula is devised? I\u2019m sure that\u2019s all part of the plan here.<\/p>\n
And I\u2019m wondering how it\u2019s gonna go over, depending on how it is sold, how it\u2019s presented. How many people would prefer a reduction in their income tax rate, leave FICA alone, versus how many people, “Man, you get rid of FICA, you get rid of that whole deduction? Bring it on, dude, I\u2019m all in.” Well, then you better be clear in understanding, \u2019cause you\u2019re gonna expect when you hit whatever retirement age, that you want to start collecting, quote, unquote, Social Security, you better be determining how much that\u2019s gonna be and how you\u2019re gonna get it and on what basis you\u2019re gonna get whatever it is.<\/p>\n
As I say, there\u2019s still a lot to uncover in this but I hadn\u2019t seen anything about this. Had you? I didn\u2019t see anything about this \u2019til over the weekend when I was digging deep just in straight news feeds.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: So I just got an email, “Rush, what do the Democrats think about this FICA idea?” I don\u2019t know, folks. It\u2019s relatively new. I can easily predict what they\u2019re gonna say about it. They\u2019re gonna oppose it like you can\u2019t believe and claim that it\u2019s a backdoor way on Trump and the Republicans\u2019 part to cut Social Security benefits. That\u2019s how they\u2019re gonna oppose it.<\/p>\n
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<\/p>\n
Now look, folks, don\u2019t be like a bunch of frogs in a hot skillet. Don\u2019t go jumping around out there on this tax reform business. There are three elements here. You got the House, you got the Senate, and you got the White House. And this is the White House\u2019s plan supposedly to eliminate the FICA tax and replace the money with a VAT tax and create a new entitlement. Well, not a new entitlement, but convert welfare — sorry — convert Social Security from a contribution based plan to a straight welfare program.<\/p>\n
That\u2019s just one idea. It\u2019s nowhere near being done here. It\u2019s just of all the tax reform proposals that I\u2019ve heard I didn\u2019t hear about this one until this weekend. I don\u2019t know how old the news is, how long they\u2019ve been bandying this about, but it\u2019s not in the Ryan plan, for example. If the Senate has, you know, their own version of a tax reform plan, it\u2019s not in that one. So this has miles to go before it ever becomes a reality.<\/p>\n
And I think it\u2019s a real long shot because the same old thing is gonna apply. You touch Social Security at your own peril. What they\u2019re relying on here is Trump during the campaign talked about entitlement reform, and this definitely would be it. This would come after they replace, eliminate Obamacare and replace it, if they do, with anything. So that would be one entitlement zapped and then here comes something that Trump does that nobody said could ever be done, and that is reforming Social Security.<\/p>\n
The Democrats are gonna scream bloody murder over this by claiming it\u2019s a disguised way of cutting benefits. I mean, that\u2019s part of the Democrat campaign every day. Every year they tell senior citizens, “The Republicans are gonna kick you out of your house. They\u2019re gonna kick you out of your condo. They\u2019re gonna kick you off your Stairmaster. They\u2019re gonna kick you out of everything and take away your Social Security, and you\u2019re gonna die in the street!\u2019 They\u2019ve been saying this for as long as I\u2019ve been alive. So they\u2019ll say it again if this plan ever comes up. So it\u2019s way, way, way down the road.<\/p>\n
I just find it fascinating that it is being considered and pondered. But I do want to remind you of something. I\u2019m sure most people have forgotten this. Do you remember the Obama payroll tax holiday? The reason I bring this up is because this plan, if it ever does get anywhere near the serious discussion area, the media is — because, remember, the media leads, the Democrats follow. The media is gonna raise holy hell over this, accusing Trump and the Republicans of cutting benefits and eliminating Social Security.<\/p>\n
I can just see the headlines now. But Obama gave us all a payroll tax holiday. It was in December of 2010. Obama traded Congress a two-year extension on the Bush-era tax cuts for a one-year two percentage point payroll tax holiday and additional unemployment benefits. Now I\u2019m sure it\u2019s starting to come back. Obama traded Congress a two-year extension of the Bush tax cuts for a one-year, two percentage point payroll tax holiday, and there were some additional unemployment benefits.<\/p>\n
The temporary employee payroll tax cut reduced the employee portion of the Social Security payroll tax from 6.2 to 4.2 percent. See, that right there proves that you are paying it all. Because note, they didn\u2019t give you the reduction. They gave it to the employer, \u2019cause the employer\u2019s paying it all anyway. Who are you? It\u2019s your money; he\u2019s paying. So what happened was — and all we heard from the media after this Obama payroll tax holiday, oh, how wonderful it was. And how many families it saved.<\/p>\n
My point is that a temporary 2% reduction in the payroll tax was heralded and just promoted and it was just the greatest thing in the world when Obama did it. And if eliminating it comes along under Trump, I\u2019m just warning you. So it\u2019s got a long road to go.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: This is Jim in Cuyahoga Falls, Ohio. Do you know who\u2019s from Cuyahoga Falls? Tell \u2019em, Jim. Who\u2019s from Cuyahoga Falls?<\/p>\n
CALLER: I don\u2019t know. Who you talking about? Somebody that\u2019s from Cuyahoga Falls?<\/p>\n
![](\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/530181791-300x231.jpg\")
<\/p>\n
RUSH: Cuyahoga Falls, besides you, besides you, yes, somebody from Cuyahoga Falls.<\/p>\n
CALLER: I don\u2019t know.<\/p>\n
RUSH: Try Chrissie Hynde of The Pretenders.<\/p>\n
CALLER: Yes, yes. We\u2019re the same age. We grew up in Akron at the same time.<\/p>\n
RUSH: Or nearby, anyway. She sings about it, nevertheless, in My City Was Gone. Anyway, what\u2019s happening, Jim? I didn\u2019t mean to interrupt your train of thought out there.<\/p>\n
CALLER: That\u2019s okay. I just want to say I love that idea of eliminating the FICA tax. And I think it would be a big hit with Millennials. I think that if you replaced it with something, say, an employer-employee contribution of say 5% each into something similar to a 401(k) so that it couldn\u2019t be touched and it would create vast amounts of wealth that Social Security just —<\/p>\n
RUSH: No, no, no. That\u2019s not the point. The plan is to create a new welfare program that\u2019s called Social Security that is paid for with a brand-new sales tax called — what are you guys laughing at in there? Well, I may be being technical, but they\u2019re laughing at me, Jim, because I said the plan is to create a new welfare program called Social Security. But that\u2019s what it is. Right now Social Security is technically not welfare because the contributions — they\u2019re not contributions. They\u2019re extortion payments. I mean, it\u2019s deducted from your paycheck whether you want to pay it or not, so it\u2019s not a contribution. It\u2019s mandated by law that you deduct it from your paycheck, you never see it. Anyway, theoretically it\u2019s a contribution that you are making to your own retirement. It\u2019s not welfare. Well, if they eliminate that contribution by eliminating the FICA and payroll tax and they have to replace Social Security with something, it\u2019s gonna become a new welfare program.<\/p>\n
CALLER: I agree, but you\u2019d have to grandfather in say people above age 40, but it I think the Millennials would like to see that money put somewhere else other than into a — Social Security pay a couple percent.<\/p>\n
RUSH: Wait. Wait. I\u2019m not making myself clear. There isn\u2019t gonna be a replacement that is based on investments and 401(k). It\u2019s a tax cut. It\u2019s a way of cutting taxes without cutting the income tax. You eliminate FICA, you\u2019re giving people essentially a 12% tax cut. And that\u2019s it. That\u2019s it. Then if you want to fund a 401(k) with it you do it, but there is no replacement for it. It\u2019s gone. Social Security as a donation, contribution program, gone. It has to be replaced —<\/p>\n
CALLER: I would still be for it. I would still be for it because the system is broken, and anything that would lead to changing it I would be for.<\/p>\n
RUSH: What do you think really needs to be done with Social Security?<\/p>\n
CALLER: I think it needs to be phased out. I think we\u2019ve learned through 401(k)s that vast amounts of wealth can be created for people to retire on their own terms instead of on the government\u2019s terms, and I think Social Security is outdated.<\/p>\n
RUSH: That\u2019s because you probably would be adept and skilled at investing and watching your money. But what happens to the poor sap, let\u2019s say that we create an investment program. Let\u2019s say that 12% deducted from your paycheck, let\u2019s say that 12% goes to a private investment account in your name that\u2019s run by Wall Street traders, okay? And then some people choose to invest in Apple and some choose to invest in Google, and some choose to invest in Facebook and live televised murders, and what happens if they lose everything in this investment account. whereas you go gangbusters? what happens to the people whose investment accounts end up shrinking because of poor investments, bad advice, or typical Wall Street theft? What happens to them? They\u2019re just out, right?<\/p>\n
CALLER: I think you\u2019ve seen with 401(k)s, though, that they\u2019ve been pretty consistent. I don\u2019t know of too many people that have lost out with their 401(k). Almost everyone I know has —<\/p>\n
RUSH: Let me ask you this. I\u2019m dead serious with. I\u2019m not trying to be provocative, and I\u2019m not trying to be challenging, don\u2019t misread my tone. Do you know anybody who has retired on their 401(k) and is enjoying life?<\/p>\n
CALLER: No, not personally.<\/p>\n
![\"\"](\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/Rush-Photos-SMALL-016-300x300.jpg\")
RUSH: Well, I don\u2019t, either. Isn\u2019t that purpose of a 401(k) to put money away that you can\u2019t touch until retirement? If you touch it prematurely, there\u2019s a penalty to pay, as in a tax. The 401(k) started — when was the first 401(k)? Seventies? So we\u2019re getting to the point now where some people should be able to retire on their 401(k)s. I just don\u2019t know anybody who has.<\/p>\n
CALLER: Well, I think we\u2019re the first generation that\u2019s starting to see that, and we\u2019ve learned a lot through the years, and I think the next generation is gonna use it more effectively than we did, because there\u2019s a learning curve. You know, it was a good and a new idea, and I think a lot of us didn\u2019t know what we had and how it could be used.<\/p>\n
RUSH: Let\u2019s say that your 401(k) is all you\u2019ve got and your retirement age comes up, and it\u2019s September of 2008, and here comes the so-called Great Recession because of the subprime mortgage crisis, and your 401(k) becomes practically worthless.<\/p>\n
CALLER: Well, I think what most advisers would tell you, as you approach your retirement age, within a couple of years when you\u2019re gonna retire you really should move your investments into more conservative areas —<\/p>\n
RUSH: Right.<\/p>\n
CALLER: — so that you don\u2019t run that risk.<\/p>\n
RUSH: Right. See, listen to you. You are, sadly, in a — I really wish it weren\u2019t the case — a minority of people who understand. You are not depending on a government program or anybody else for your retirement. To the extent that you can, you are trying to grow it and maximize it as much as you can. But, sadly, do you know how many robots there are that vote Democrat? I mean, literally mind-numbed sponges who have bought hook, line, and sinker every promise the Democrat Party has made since they have been alive, and they fully expect that there\u2019s gonna be retirement for them.<\/p>\n
Some of them are getting wise, but the vast majority of people aren\u2019t gonna want to manage this retirement fund the way you do, the way you\u2019re talking about, talking to the advisor to transfer the funds into less risky areas, become more conservative, make sure the no loads don\u2019t get loaded too soon, you\u2019ve just lost over half the country here. They don\u2019t want to have to do anything, because the Democrat Party has assured them that they won\u2019t have to do anything.<\/p>\n
You and I can come up with any retirement program for everybody that is much better than Social Security. Would run rings around it. Which illustrates what Social Security really is. Remember who created it. Social Security was invented by — dadelut dadelut dadelut dadelut — FDR. And the purpose FDR had in mind was creating a program that would keep Democrats in power in perpetuity by making them, having them seen as the providers for the American people.<\/p>\n
I don\u2019t know if FDR called it retirement, I don\u2019t know how soon they started calling it that, but this was not a plan, they\u2019ll tell you now, that was devised to ever handle your full retirement. It was never intended for that. That\u2019s right. It wasn\u2019t. Supplemental this, supplemental that. It was designed to attach you permanently to the Democrat Party as a voter. And on that score, it worked, it worked wonders. Only in the last 10 to 15 years has that glue become less sticky. Democrats are having trouble with it. Which is why all this talk about reforming it gets a serious listen to.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
![\"\"](\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/650-041717-Taxes.jpg\")
RUSH: By the way, folks, this AP story on the Trump tax plan — the eliminating the FICA and creating a new entitlement or new welfare plan called Social Security. That story was actually released on April 10th. It\u2019s just the media was occupied with Dr. Dao being dragged off that airline for a week and it kept under the radar out there. That\u2019s why I only saw it slithering to the surface of news feeds over the weekend. You know, folks, online thieves, they are quick to take advantage of new opportunities they find on the Web. Like the IRS, newer online data tool for tax returns to be uploaded as part of the application process for federal student aid.<\/p>\n
Do you even know about this? The IRS has created a new online tool for tax returns to be uploaded. It\u2019s part of the application process for federal student aid. Now, smart hackers quickly accessed this new online function (chuckling) and they stole all kinds of data. I mean, Obama\u2019s out there claiming that he hacked the North Koreans. Meanwhile, they couldn\u2019t even build a health care website! Now they create this new upload process for student aid tax forms and they\u2019ve already been hacked.<\/p>\n
All kinds of data has been stolen and fake tax returns were filed to get other people\u2019s refunds. The first estimates from the IRS suggest more than 8,000 fraudulent returns were issued under this new program and the victims are only starting to hear about it now. The tool has since been taken off line but only after $30 million in bogus refunds were sent, and it\u2019s all part of the federal student aid program. And of course federal [blank] aid, federal student aid, federal old folks\u2019 aid, federal one-armed amputees in the Bronx aid — whenever there\u2019s federal aid anywhere — hackers zoom in for it because they know it\u2019s gonna be loaded with applicants.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Imagine tax reform, a tax reform plan that eliminates FICA, that eliminates the payroll tax, which is the primary funding mechanism for Social Security. Imagine a tax reform plan that does away with that. That is a 12.6% tax elimination from everybody. Everybody pays it, even people that don't pay income tax pay payroll tax.<\/p>\n","protected":false},"author":58,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\n
A Revolutionary Idea for Tax Reform Is Percolating - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"A Revolutionary Idea for Tax Reform Is Percolating - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Imagine tax reform, a tax reform plan that eliminates FICA, that eliminates the payroll tax, which is the primary funding mechanism for Social Security. Imagine a tax reform plan that does away with that. That is a 12.6% tax elimination from everybody. Everybody pays it, even people that don't pay income tax pay payroll tax.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/admin.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/650-020817-Making-The-Complex.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dean Karayanis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"26 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/650-020817-Making-The-Complex.jpg\",\"contentUrl\":\"https:\/\/admin.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/650-020817-Making-The-Complex.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/\",\"name\":\"A Revolutionary Idea for Tax Reform Is Percolating - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/#primaryimage\"},\"datePublished\":\"2017-04-17T16:00:00+00:00\",\"dateModified\":\"2017-04-18T19:57:12+00:00\",\"author\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A Revolutionary Idea for Tax Reform Is Percolating\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5\",\"name\":\"Dean Karayanis\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c57ead9ad0125e01994eebf78da1b5f9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c57ead9ad0125e01994eebf78da1b5f9?s=96&d=mm&r=g\",\"caption\":\"Dean Karayanis\"},\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/author\/dkarayanispremierenetworks-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Revolutionary Idea for Tax Reform Is Percolating - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2017\/04\/17\/a-revolutionary-idea-for-tax-reform-is-percolating\/","twitter_card":"summary","twitter_title":"A Revolutionary Idea for Tax Reform Is Percolating - The Rush Limbaugh Show","twitter_description":"RUSH: Imagine tax reform, a tax reform plan that eliminates FICA, that eliminates the payroll tax, which is the primary funding mechanism for Social Security. 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RUSH: White House is exploring new directions on tax reform.\u00a0 And one of the interesting things I ran across, it wasn\u2019t really obscure, but it didn\u2019t stand out.\u00a0 It wasn\u2019t highlighted or heralded anywhere else. I found it actually in the AP feed that there is a possibility the Trump White House is considering using tax reform as an opportunity to get in there and do something about entitlements.<\/p>\n![\"\"](\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/RushTaxesSpending-1.jpg\")
But now Trump tax reform is devising a plan — the Democrats will call it a scheme — to tackle it head on.\u00a0 Here\u2019s the upshot of it.\u00a0 And it\u2019s not the only aspect of tax reform here that\u2019s been proposed and is being discussed.\u00a0 ![\"\"](\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/04\/RushTaxesShort.jpg\")
A carbon tax taxes everything.\u00a0 Everything\u2019s carbon.\u00a0 Your body is carbon.\u00a0 Everything is carbon.\u00a0 Monoxide is carbon.\u00a0 Carbon is carbon.\u00a0 Oil is carbon.\u00a0 Gasoline is carbon.\u00a0 Everything is carbon.\u00a0 Can\u2019t have life without carbon.\u00a0 Carbon tax, tax everything.\u00a0 The left likes it because they position it as a means of saving the planet.<\/p>\n