McCain's Payroll Prize

By Bob Novak
Real Clear Politics

WASHINGTON, D.C. - A major strategist in John McCain's campaign was asked privately this week whether his candidate might propose cutting the payroll tax. "Yes," came the reply. "No problem. Not a big deal." He was wrong on both scores. Cutting the payroll tax, which funds Social Security, is not easy but offers a rich economic prize in this lean Republican year.

Republicans have been wary of touching the Social Security third rail of politics, ever since a re-elected President George W. Bush abandoned his reform under withering Democratic fire. Moreover, Republicans talk about offsetting payroll tax revenue loss by cutting future Social Security benefits, which contains seeds of electoral catastrophe.

Neither McCain nor his advisers seem to realize the value of the political prize that they can grasp. The regressive payroll tax oppresses most Americans, especially young men and women, and burdens small businesses that must match the tax that their employees pay. With dogma-bound Democrats unable to remedy this, the GOP has an opportunity to reach out beyond top-bracket taxpayers, big business and high finance.