Sentence examples for a portion of payroll from inspiring English sources

He proposed an alternative: Allow a portion of payroll taxes to be invested in personal savings accounts.

Mr. Bush, who was once in the oil business, attacked the Democrat's plan as he met with employees at Thermagon, a technology company, in a session set up to showcase Mr. Bush's proposal to shore up Social Security by diverting a portion of payroll taxes to individual investment accounts.

As Social Security has worked for decades, current retirees are paid from the payroll taxes of current workers; under the Bush plan, workers would be able to use a portion of their payroll taxes and invest them for their own retirement.

The most immediate is that allowing workers to place a portion of their payroll taxes in a private accounts reduces the amount of money available to pay benefits.

Polls show there is substantial support, especially among younger people, for allowing workers to invest a portion of their payroll taxes in stocks and bonds.

And he proposed allowing young workers to invest a portion of their payroll tax in private accounts, a standard Republican idea.

Employers also pay a portion of the payroll tax, and several people — including Lawrence Summers and the members of the Bipartisan Policy Center's debt panel — have called for the employer portion to be cut, too.

Mr. Gore has asserted that Mr. Bush's large tax cut proposal and plan to push for a portion of Social Security payroll taxes to be put into private investment accounts would return the nation to the era of deficits.

Second, privatization — eliminating part of Social Security and replacing it with a system of individual private investment accounts financed from a portion of workers' payroll taxes — is somehow the key to avoiding the catastrophe, and is also a fine thing in its own right.

Mr. Grassley, who supports the president's plan to let workers divert a portion of their payroll taxes into individual investment accounts and to reduce Social Security benefits to bring the system into solvency, acknowledged that he had no Democratic support and that some Republican members of his committee opposed him.

Mr. Fleischer pointed to the Clinton administration's now abandoned position laid out in this year's budget proposal to allow government-controlled investments in the markets, and then to a Gore speech in May when he criticized Mr. Bush's plan to allow people to invest a portion of their payroll taxes in the market.