House Budget Committee Chairman Paul Ryan (R) faced questions on numerous issues from townhall attendees in Racine today, but his most ardent challenges came from constituents urging him to raise taxes on the wealthy and corporations.
One of the tax issues involved Social Security, which is paid for by a payroll tax that is levied on yearly wages up to $106,800. One constituent stood and asked why he pays the payroll tax on everything that he earns, but New York Yankees third basemen Alex Rodriguez — who made $32 million in 2011 — is only taxed on his first $106,000. “Why can’t you take the cap off” thepayroll tax, the man asked.
