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Because it meant a slight decrease in the rate of increase of Social Security payments, and the grey-haired voting cohorts could not be offended.
ECONOMIST: Agreeing to be nice does not solve America��s problems
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Naturally, planned cuts in social security and a slower rate of increase in pensions are unpopular, but opinion polls show pretty wide public acknowledgment that savings are needed.
ECONOMIST: Schr?der thumped
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As a result, the rate of payroll taxes for workers used to fund Social Security will increase from 4.2% (which was in place for the previous two tax years) to 6.2% as of January 1, 2013.
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Executive emails went on to blame the increase in the Social Security tax that started on January 1, when temporary rollbacks in the rate that were put in place during the economic downturn expired.
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On Newsnight Mr Boles says that the failure to increase the rate of house building is, in his opinion, "the biggest social justice crisis we have".
BBC: UK Politics