Reduce the Social Security Payroll Tax

Resolution Adopted by the Democratic State Committee --  May 4, 2001

 

             WHEREAS, the Social Security tax is a major regressive tax, and 

            WHEREAS, the New York State Democratic Committee at the May 2000 State Committee meeting expressed its support for reduction of the social security payroll tax, removing the cap on the amount of income subject to social security payroll tax, and doing so in a manner designed to be revenue neutral, and 

            WHEREAS, this issue remains a important element of securing tax equity in America, 

            IT IS HEREBY RESOLVED THAT the New York State Democratic Committee urges our two U.S. Senators and Members of Congress to support legislation that would effectuate a substantial reduction in the rate of the Social Security tax, while removing the cap or ceiling on income over which the tax does not have to be paid. In the interim, our congressional representative should be urged to support Senator Kerry’s proposal to refund Social Security tax payments to low-income individuals with monies from the general fund. 

            This resolution was written by Lawrence Moss & Robert Ginsberg, adopted by the Manhattan Caucus and the Reform Caucus of the NY Democratic State Committee, and adopted at the meeting of the Democratic State Committee in Albany, NY on May 4, 2001.