Barney Frank on Means-Testing

http://www.futureofcapitalism.com/2011/07/barney-frank-on-means-testing

Right-wingers like Paul Ryan and the Heritage Foundation who want to means-test Medicare or Social Security have a new ally: Rep. Barney Frank. From Talking Points Memo:

"A means test done in an efficient way isn't a problem," he said. "I understand that. Like in Social Security. We already have a partial means test. I get Social Security. My Social Security income is taxed as it should be. I would increase the tax rate on my Social Security income. You don't want to means test it up front -- that becomes awkward -- but say you're making more than $100,000? Tax my Social Security at 95 percent. That's fine. There's an easy way to do that."

On Medicare, "I would be for increasing copays for people above a certain income," Frank said. "I think high copays for people making more than $100,000 is perfectly reasonable."

by Editor  |  Jul 23, 2011 at 9:21 pm Related Topics:  Health Care, Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list