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Frequently Asked Questions about the SSPICE Act
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Blog

Frequently Asked Questions about the SSPICE Act

What is the SSPICE Act?The Social Security Preservation through Individual Choice Enhancement Act is a bill introduced in the House (H.R. 3551) by Rep. Jeff Landry (R-LA) and in the Senate (S. 2107) by Senators Mike Lee (R-UT) and Jim DeMint (R-SC). The SSPICE Act would allow each worker to annually decide whether he or she wants to reduce his or her payroll taxes by about 30 percent (i.e., lower his or her taxes from the current level of 6.2 percent of wages to just 4.2 percent). 

02/27/2012
Rep. Jeff Landry Presents the SSPICE Act
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Rep. Jeff Landry Presents the SSPICE Act

This morning, Representative Jeff Landry (R-LA) and representatives from FreedomWorks and the Cato Institute presented a briefing on the Social Security Preservation through Individual Choice Enhancement (SSPICE) Act. In response to the seemingly endless debate over the payroll tax cut, Rep. Landry has introduced this common sense reform bill into the House (bill number H.R. 3551), while Senator Mike Lee (R-UT) and Senator Jim DeMint (R-SC) have cosponsored an identical bill in the Senate (S. 2107).

02/16/2012
SSPICE: A win-win solution for the GOP on payroll taxes
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SSPICE: A win-win solution for the GOP on payroll taxes

There's an easy way for the GOP to reclaim the tax issue, amazingly stolen from them this past year by the Democrats with their clever payroll tax cut. It's called the SSPICE Act, and embracing it would do the politically beleaguered Republicans a world of good.

02/15/2012