Update On The Larson Bill
From Politico : ... Rep. John Larson of Connecticut, a senior Democrat on the House Ways and Means Committee, has a bill, H.R. 860 (116) , that would hike Social Security benefits across the board, paired with tax increases in the neighborhood of $1 trillion over a decade. Larson has pushed for Ways and Means to mark up his measure and for the full House to take up the bill � so far unsuccessfully, despite the fact that the vast majority of House Democrats have signed on to the proposal. Larson�s fellow Democrats are especially queasy about the impact that his measure�s hefty payroll tax increases would have on lower-income workers, which is one reason the measure � which would only be a messaging bill this year, because it stands little chance of getting much attention in the Senate � has stalled in recent months. Larson said Wednesday that he�s changing the bill in response to his colleagues� concerns about lower-income workers. That include...
