Entitlement and Tax Reform
1994-12-14T08:00:31-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMjZlXC8xOTk0MTIxNDA4MDMwMTAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The Entitlement Commission met to recommend ways to control entitlement premiums for Medicare coverage and reductions in itemized tax deductions for upper income brackets. Mr. Wessel discussed the accomplishments of the commission thus far. He initially outlined the difficulty in agreement on what the recommendations will be and what kind of a consensus can be achieved. Many ideas for tax cuts had been proposed and significant changes to Social Security. Callers asked about Social Security overages being spent instead of saved or reinvested, removing corporate entertainment deductions and reinvesting government IOUs.
The Entitlement Commission met to recommend ways to control entitlement premiums for Medicare coverage and reductions in itemized tax deduct… read more
The Entitlement Commission met to recommend ways to control entitlement premiums for Medicare coverage and reductions in itemized tax deductions for upper income brackets. Mr. Wessel discussed the accomplishments of the commission thus far. He initially outlined the difficulty in agreement on what the recommendations will be and what kind of a consensus can be achieved. Many ideas for tax cuts had been proposed and significant changes to Social Security. Callers asked about Social Security overages being spent instead of saved or reinvested, removing corporate entertainment deductions and reinvesting government IOUs. close
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- David M. Wessel Correspondent Wall Street Journal
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