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November 30, 2011

Republicans unveil plan to pay for Social Security tax cut, includes federal pay freeze

Republicans Wednesday proposed freezing federal pay, cutting the federal workforce and cutting some benefits to millionaires, as they unveiled their plan to pay for a temporary 2012 cut in Social Security payroll taxes.

The proposal includes:

--A three year pay freeze on federal workers and Pentagon civilians.

--A 10 percent cut in the federal workforce, a reduction of 200,000 positions.

--A curb on benefits such as food stamps and unemployment compensation for millionaires and billionaires.

--Making it easy for millionaires and billionaires to voluntarily pay more tax.

--No new taxes on job creators.

 

 

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