To: President Donald Trump, The United States House of Representatives, and The United States Senate
True Entitlement Reform
It is time for true entitlement reform. It is time to limit corporate tax deductions for salary to the amount included in the social security wage base and limit the amount corporations can deduct for meals, travel and entertainment to the Federal Per Diem.
Any excess over the limit to be taxed as a dividend.
And include all income, not only wages, as well as legislators. Exempting only our Veteran's.
Why is this important?
It is time to limit the corporate tax deduction to wages included in the Social Security wage base and tax the excess as a dividend.
Why do we only pay on the first $117,000? Why not all wages? Why are corporations allowed to deduct this excessive salary but exclude it from social security? Does that seem fair?
Limit the deduction and tax the excess as a dividend. And include all income, not only salary. Why is interest exempt?
And legislators need to pay as well, no one, except our Veteran's, should be exempt from social security.
We also need to limit the corporate tax deduction for travel, meals and entertainment. Why are we subsidizing private corporate jets and lavish meals, parties and "meetings"? Limit the tax deduction to the Federal Per Diem and tax the excess as a dividend.
It is time we redefine entitlements. Social Security is a lifeline for many seniors, and it is time we protect them and ensure they can retire with dignity and financial security.