JAMES J

Enactment of this proposal will (1) encourage business investment and job creation here in America by permanently eliminating a counterproductive employer penalty; (2) permanently "fix" Social Security, our largest governmental social program, to operate smoothly given the inevitable ebb and flow in the composition of our economy; (3) encourage American job retention by equalizing to some extent the production cost of American products with the production cost of foreign products; (4) not compromise the American work ethic in that there will be little change in the FICA deduction on a pay stub; (5) relieve the wage earner from being the sole supporter of the Federal government's largest annual expenditure, Social Security benefit payments to our fellow American retirees, widows and disabled; (6) not favor or discourage any investment vehicle or type of business over another; (7) be inflation/deflation neutral; (8) provide payroll budgetary relief to the Federal government and its..