Thursday, February 16, 2017
Mick Mulvaney Who Wants to Raise Social Security Taxes Was Just Confirmed by the Senate to Head OMB
The U.S. Senate confirmed Rep. Mick Mulvaney (R., S.C.) to lead the Office of Management and Budget.
The 51-49 vote on Thursday was largely along party lines, with Sen. John McCain (R., Ariz.), voting no along with Democrats.
I do not expect much positive from Mulvaney.
During Senate confirmation testimony, he said he was in open to raising Social Security taxes via raising the cap on Social Security payroll taxes, as well as being open to cutting benefits via raising the retirement age to extend the program’s solvency.
However, he said he was in favor of raising military spending. He said he backed Trump’s plans to boost military spending.
Mulvaney said that his previous pledge to not raise taxes applied to his service in Congress, not his future job at OMB.
at 1:20:00 PM