If large corporations eliminate their 401K match as a result of getting the Social Security cap removed?

Question

If corporations eliminate their matching contribution to 401K accounts as a result of the Democrats voting to remove the cap on Social Security earnings, won't that in fact constitute a tax increase on the middle class since they end up paying the cost?

Answer 1

Democrat never turn down a tax increase or even concern themselves with the CAUSE of the DEFICITS.

Answer 2

Obama's plan calls for a gap from the current top up to 200k, and then it would start again.  I really doubt this plan would have the consequences you think it would.

Answer 3

Wait a minute.  I thought Republicans were all about personal responsibility and not depending on someone else for support.  I would think that Republicans would be overjoyed if employers stopped matching 401k contribution because it means less employee expense and more money for the shareholders.

Answer 4

Well That doesn't make alot of sense.

The tax cap is $102,000 right now.

Just how many employees do you think, make more than $102,000 ?

That a corporation, would end thier 401K matching program.

To save money to pay the higher payroll tax ?

They would just increase the price of what they make.

Thus, taxing the poor and middle class.