WASHINGTON, March 31 (UPI) -- Conservative groups have warned GOP lawmakers not to back increases in payroll taxes to pay for adding private investment accounts to Social Security.
Congress Daily reported Thursday that 22 conservative, taxpayer and political action groups sent a letter Wednesday to Senate Majority Leader Bill Frist, R-Tenn., House Speaker Dennis Hastert, R-Ill, and other Republican leaders to oppose the concept floated by Sen. Lindsey Graham, R-S.C., of increasing the current $90,000 annual limit on income subject to the payroll tax or face the political ramifications.
"We strongly support personal accounts for Social Security, but not at the price of higher taxes," wrote the group. "No Republican candidates, including President Bush, campaigned on payroll tax increases in the 2004 campaigns. No one has won any elections campaigning on such tax increases."
The letter was signed by Free Enterprise Fund President Stephen Moore, Council for Citizens Against Government Waste President Thomas Shatz and USA Next Chairman Charles Jarvis among other conservative activists.
