Stumbled on this on Obama’s website.
Despite the many smears of his opponents, Obama does not support uncapping the full payroll tax of 12.4 percent rate. Instead, he is considering plans that would ask those making over $250,000 to pay in the range of 2 to 4 percent more in total (combined employer and employee). This change to Social Security would start a decade or more from now and is similar to the rate increases floated by John McCain’s close adviser Senator Lindsey Graham and that McCain has previously said he “could” support.
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