Retirees ‘less confident’ about their nest egg

Retirement savings are uncertain for many peopleThe proportion of middle aged and older people who admit they are not confident they have enough money for retirement has risen, a new survey reveals.

A poll commissioned by the Hartford indicates that nearly eight out of 10 Americans are at least somewhat worried about having sufficient funds for their golden years.

And those who question their own financial adequacy has increased, with 40 percent saying they are not confident their savings and investments will be enough, compared with 28 percent who held this fear in 2006.

Perhaps connected with this loss in confidence, around half of respondents said they plan to continue working in their older age – whether it is by staying in their current job, slowing down or starting a new career.

The international survey found that financial concerns about retirement exist in many different parts of the globe.

"Around the world, adults who’ve worked their entire lives have differing visions of what they want their retirement to look like, yet unfortunately they struggle to make that vision a reality," commented Liz Zlatkus of the Hartford.

Fears about the economy are not exclusive to those on the brink of retirement. Recent polls of American adults have found that many people’s confidence in their financial standing has been shaken by recent events.

Despite bailout, many brokers likely to get bonuses

Brokers profit despite the bailoutWith the average person footing the bill for the $700 billion bailout, taxpayers may be forgiven for feeling that bonuses for the heads of the largest financial services companies are not quite fair.

Recently, executives at Goldman Sachs announced that they would not be taking bonuses this year, a high-profile decision that may impact other firms in the industry.

However, although big bosses could refuse compensation, the Associated Press reports that thousands of midlevel brokers are still likely to receive large bonuses because companies are afraid of losing them.

The money that is given to workers at a lower level is not required to be disclosed in public filings, so it is likely to receive less scrutiny than the highly publicized compensation of CEOs.

Alan Johnson of Johnson Associates told the news provider that even if executives forgo bonuses, "thousands of other people will get paid millions."

"There won’t be a lot eight-figure bonuses, but there’s going to be lots of sevens," he remarked.

Meanwhile, Federal Reserve chairman Ben Bernanke has testified in front of Congress about the effects of the bailout on the U.S. economy.

He suggested that although the credit markets are still not in good health, there are signs that they are improving.

Preemie drugs linked to cognitive damage

Premature babies risk brain injury from certain drugsTwo drugs that are given to premature infants who are being treated for lung damage may injure the brain, according to a new study.

Scientists at Washington University School of Medicine say that glucocorticoid medications lead to brain cell death in young mice – and may have the same effect on human babies.

Glucocorticoid drugs are typically given to women who are at risk of pre-term birth.

Even a single exposure to this type of drug was found to reduce the number of neurons in the cerebellum – the part of the brain that is in charge of movement and related functions.

"The cells that are damaged are called neural progenitor cells, which are responsible for producing new neurons," lead author Kevin K. Noguchi explained. "So you can imagine that if you kill the cells responsible for producing new neurons, you can cause severe neurodevelopmental effects."

The researchers said that previous research has shown that glucocorticoids can decrease a child’s IQ.

Their findings were reported at the annual meeting of the Society for Neuroscience.

Scientists are still investigating the possible reasons why premature babies’ brains may develop differently than other infants’.

The Germ Theory of Disease

The germ theory of disease is a foolish hoax created by Louis Pasteur. It is a notion of nonsense that has confused millions of people and made billions for the pharmaceuticals with vaccines and tens of thousands of drugs or over-the-counter preparations.

If one person in society should die of a “contagious disease,” the whole world population would expire.

Well, what about the flu epidemic shortly after World War I that killed 80 million people worldwide? According to the germ theory of disease, this flu should have killed everyone on earth. Of course, it didn’t and some people died in the same household where others did not. Why did this so-called “infectious disease” not infect the entire world population?

The answer is that disease is born of us and in us. If our immune system is strong and healthy, we could sleep with people dying with “contagious disease” and never even get sick. What a relief this is to know, but how difficult it is to get people to believe!

The germ theory of disease is nothing in the world but a commercial enterprise.

Disease comes from within. When the body is overly fatigued with excess stress, toxins and malnutrition, there is a breakdown of immunity.

A person’s nutritional status and hydration level is the prime determinant of health. Disease comes from within!

Ron Paul: We need to respect the Tenth Amendment

The White House has too much power, according to Ron PaulAmerica would be better off if it reduced the size of the federal government and returned more powers to the state, Rep. Ron Paul has said.

Answering readers’ question in the New York Times, the congressman described how he believes the Tenth Amendment to the Constitution is not currently being honored.

This amendment states that "the powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

Paul wrote that if he were in charge, he would "look to phase out entire departments and return these functions to the states – as the Constitution intended."

The Department of Education and the Department of Energy are wasteful in the way they spend taxpayers’ money and should be eliminated entirely, he suggested.

"Teachers, parents, and local community leaders should be making decisions about exactly how our children should be taught, not Washington bureaucrats," Paul said, explaining why he does not support the existence of the Department of Education.

Earlier this week, Paul wrote an editorial on claiming that the GOP was no longer a party that supported shrinking government, but rather sought to expand its power.

Boehner criticizes proposed auto bailout

Arguments continue about the various bailoutsExtending aid to struggling automobile manufacturers is not fair to taxpayers and does not make fiscal sense, House Republican Leader John Boehner has said.

He was responding to a plan by Democratic lawmakers which would put aside $25 billion from the Treasury Department’s bank rescue plan to be targeted at the troubled auto industry.

Boehner questioned the wisdom of giving billions of dollars to companies without addressing underlying problems in the sector.

"Spending billions of additional federal tax dollars with no promises to reform the root causes crippling automakers’ competitiveness around the world is neither fair to taxpayers nor sound fiscal policy," he said.

Boehner called for carmakers to prove they have "a credible plan" for how to improve their situation, as well as asking Democrats to make a statement to taxpayers about how any bailout money would be recouped from these firms.

Earlier this week, Bloomberg reported that President-elect Barack Obama is supporting $50 billion in aid to the automotive industry.

Obama reportedly fears that without these funds, General Motors could be forced to file for bankruptcy by early next year, leading to substantial job losses.

Food safety a major concern for Americans

How do we know the government is protecting our health?Many Americans remain concerned about the quality of their food – and they want the government to do more to protect their safety, a new survey suggests.

The Consumer Reports National Research Center poll of 1,001 adults found that 48 percent of the respondents felt the safety of the U.S. food supply had decreased and only a little more than half felt the government was doing everything it could to ensure food safety.

Additionally, the findings reveal that Americans are concerned with genetically engineered food. Some 95 percent believe genetically engineered food should be labeled as such and 70 percent agree that cloning animals for food should be prohibited.

Possibly in light of recent E. Coli and salmonella outbreaks which caused various health problems, 83 percent of those polled said they are concerned with harmful bacteria or chemicals in food.

Presently, processed and mixed ingredient foods, and some 11 percent of meat and fish, are exempt from new country of origin labeling (COOL), which went into effect in September. The study found that Americans want to close these loopholes.

The current COOL rule which took effect September 30, 2008 requires that retailers notify customers of the country of origin for a number of commodities – from ground beef to macadamia nuts.

Americans forgo health care because of cost

Healthcare costs pinch AmericansHealthcare costs in America just seem to keep rising – and patients could be paying the price.

A majority of chronically ill U.S. patients do not receive recommended care, fill prescriptions or see a doctor when sick due to costs – more than any of the other countries studied in a new survey.

The study, conducted by the Commonwealth Fund, found that over half of Americans went without care because of the cost.

Researchers surveyed chronically ill adults in Australia, Canada, France, Germany, the Netherlands, New Zealand, the United Kingdom, and the United States and found that Americans were at a particularly high risk of going without care because of the costs associated with being sick.

Although the study notes that the U.S. did well in categories such as patient-centered care, one-third of Americans, more than any other nation in the survey, reported poorly coordinated care such as being given the wrong medication or receiving incorrect test results.

The findings were in line with a 2005 study from the Centers for Disease Control which found that 49 percent of uninsured adults with a chronic illness skipped care.

The 2005 CDC study also found that while the uninsured typically had less contact with health care providers, they still had large out of pocket expenses with 21 percent saying they had spent $2,000 or more over the previous year.

Poor Moms

We have reported to you for several years the very high risk of Hormone Replacement Therapy (HRT). In the United States, hormone replacement therapy or HRT simply means prescription for synthetic estrogen.

So-called estrogen therapy has probably caused the death of more women than wars (since the Civil War) have killed men. And it’s still going on with the blessings of the Food and Drug Administration (FDA) in spite of years of scientific evidence that HRT causes cancer and heart attacks.

Even after The Journal of the American Medical Association published that HRT grossly increases the risk of many types of cancers and heart attacks, still leading gynecologists around the country are prescribing synthetic estrogen. Many have stated that they would continue HRT.

Can the death of tens of thousands of women on the altar of conventional medicine be justified any more than the murder of young men in war? Just because HRT is called medical treatment it does not, in any way or under any pretense, justify murder.

And the fact that both the women and their doctors are ignorant of what they are doing does not change the charge of murder. Realism is rare in our Orwellian world.

The phrase “My doctor told me,” may be the most seductive and dangerous phrase in the English language for our moms. God bless ‘em, why won’t they read? It’s only their life!

Inexpensive and simple modalities cry out for prevention and reversal of cancer. Most doctors will not agree to any treatment unless it is prescription drugs. Follow the money!

Balanced nutrition plus natural progesterone supplementation not only can prevent cancer but actually reverses pre-malignant cells as well as diagnosed cancer.

What is balanced nutrition? As applied to cancer, it is natural complexes such as folic acid (folate), vitamin A, C and E. These should not be isolated synthetics. Folate is crucial in prevention and returning early cancer cells back to normal cells.

Folic acid is also very important in protecting blood vessels against the damage from the amino acid homocysteine that leads to heart disease.

Hormone Therapy: Synthetic estrogen “therapy” leads to estrogen dominance and cancer. What can be done to counteract this? The answer is natural progesterone.

Cancer is systemic. This means that when we have cancer, we have it all over. This, of course, makes surgery a cruel joke. We have cancer at all ages because of malfunctions of our biochemistry, mostly due to bad diet and widespread synthetic estrogen therapy.

How many women would have a hysterectomy if their surgeon called it what it is—female castration. And did your doctor tell you that without your ovaries, you are at a higher than normal risk for both osteoporosis and heart disease—a far greater threat than ovarian cancer.

The power of the medical monopoly in the United States rests in omission as well as commission.

The commission of malpractice is the overmedication with synthetic estrogen—the very same estrogen used to fatten beef cattle and also used in birth control pills. The omission is not educating patients on the very great importance of natural progesterone therapy.

The central and fundamental cause of the cancer epidemic in the United States is estrogen dominance in the human system. This is caused by widespread synthetic estrogen therapy on women as well as saturation of food and fiber with xenoestrogens, (pronounced “zeno estrogens”); i.e., bad synthetic estrogens in all kinds of household and commercial chemicals.

Estrogen dominance applies to all ages both female and male as well as all children. This is a great source to feed the cancer industry. Who is telling this story to the American people?

The answer for estrogen dominance is balanced nutrition as discussed above and persistent and ongoing use of natural progesterone by women and men. We emphasize natural progesterone, not artificial progestin (prescription medicine).

Establishment medicine knows exactly what is stated above. Their problem is that natural progesterone is not a patented drug and not under the police power of the FDA. Therefore, as the knowledge of the serious therapeutic benefits of natural progesterone becomes generally known, we can expect natural progesterone to become limited and controlled by prescription.

Natural progesterone is for both men and women as it produces no secondary sex characteristics. It causes neither feminization nor masculinization. Its most basic role appears to be as a precursor of the natural production of virtually all of the other adrenal steroids, including cortisone, androstenedione, testosterone, and the natural estrogens—estrone, estradiol and estriol.

Both sexes begin to lose their natural production of progesterone around age 40. Just look at the difference! Synthetic estrogen causes obesity, blood clots, strokes, epilepsy, uterine fibroids, fibrocystic breast, breast and uterine cancer, PMS, osteoporosis, depression and emotional breakdown, water retention, decreased libido, irregular and/or excessive menstrual bleeding, craving for sweets and excess deposition of fat—especially around the hips and thighs.

The medical excuse for overprescribing synthetic estrogen is to prevent osteoporosis and heart disease in women after menopause. Unbelievable considering the danger of it is killing in so many other ways.

Estrogen does not stop or reverse osteoporosis and the progestins in HRT could give you a heart attack. After years of touting estrogen as a heart protector, it has been discounted in the medical community.

Natural progesterone on the other hand has many positive benefits for both males and females at all ages. These include water metabolism (especially excretion of water and sodium), increasing libido, balancing thyroid function, assisting in the metabolism of fat for energy, helping cells use oxygen, stimulating bone growth. Natural progesterone does reverse osteoporosis causing the actual regeneration of bone tissue. There is absolutely no doubt about this.

Progesterone protects against strokes and excellent studies show natural progesterone to be a heart protective. Progesterone inhibits atherogenesis—or the formation of plaque-building cholesterol—and these plaque deposits can eventually can lead to the blockages that cause a heart attack.

In summary, the cancer crisis is directly related to unopposed synthetic estrogen dominance. The answer is balanced nutrition and especially natural progesterone for males and females at all ages.

Google’s foray into health care invites privacy questions

Google raises privacy concerns once againGoogle is making news with its highly-touted flu tracking project, but when it comes to privacy issues, this may be just the tip of the iceberg.

The new Google Flu Trends function keeps track of nationwide searches involving the flu, with the goal of providing a quick snapshot of which parts of the country are experiencing outbreaks.

On the Flu Trends website, the search engine notes that an early version of this program was used last winter, and was able to provide flu estimates up to two weeks faster than existing Center for Disease Control and Prevention methods.

"In theory at least, this idea can be used for any disease and any health problem," said Dr. Joseph Bresee of the CDC.

Google’s flu project does not collect individual user data. However, privacy advocates may be far more concerned by this week’s report of a test program in Arizona where patients will be asked to store their medical records on Google and other websites. The goal of this program is to make it easier for patients to provide their records during emergency room visits or when switching doctors.

However, the Arizona Republic points out that the federal HIPAA medical privacy law only applies to actual health care providers, not third parties like Google.

Study: Hibiscus tea fights high blood pressure

Tea may lower blood pressureA new study finds that drinking hibiscus tea helps lower blood pressure, a condition that nearly a third of all American adults suffer from.

The study by Diane McKay of Tufts University was funded by the USDA’s Agricultural Research Service (ARS) and by the Celestial Seasonings company.

McKay’s test involved 65 people between 30 and 70 years of age with blood pressure levels deemed to present a higher risk of heart disease and other conditions. A separate group of 30 people with higher blood pressure levels also participated. Participants did not otherwise change their diets or activity patterns.

People with the highest blood pressure levels seemed to benefit the most from drinking the tea.

Participants drank three cups a day for six weeks. Those with the high levels saw their average systolic blood pressure rates fall by 13.2 points, while those with lower rates saw a more modest 7.2 point drop.

The results were presented at the American Heart Association’s recent annual conference.

In 2003, a separate study funded by the Agricultural Research Service found that black tea consumption also helps lower blood cholesterol levels.

Are gold investments losing their luster?

Is gold still a safe haven?Gold prices fell for a second straight day on Wednesday, retreating to levels not seen since October.

On Monday, gold closed at $745.80 an ounce, but as of Wednesday afternoon, that price had dropped to under $720. Prices have generally been on the decline since hitting a peak of $1,000 an ounce in March.

Part of the recent drop in gold prices can be attributed at least in part to a stronger U.S. dollar and falling oil prices, along with the general downward trend throughout the economy. However, gold is still typically seen as a fail-safe investment for weathering economic downturns, which could buoy its price in the current fiscal climate.

"With recessions only beginning in all major economies and the likelihood that recessions will be protracted and deep, safe-haven demand for gold is set to remain robust," wrote Mark O’Byrne of Gold & Silver Investments Ltd.

However, this optimistic long-term prognosis for gold is hardly unanimous.

"Gold is being pulled down by indiscriminate selling of virtually every asset. You could call it collateral damage," Jeffrey Nichols of American Precious Metals Advisors told the Associated Press.

Study: Vitamin D may offer reproductive benefits

Vitamin D could be linked to fertility healthVitamin D may be helpful for women having reproductive difficulties, according to a new study.

Researchers from Yale University determined that of 67 infertile women who participated in their study, 93 percent had low or clinically deficient levels of Vitamin D.

"Of note, not a single patient with either ovulatory disturbance or polycystic ovary syndrome demonstrated normal Vitamin D levels," the London Telegraph quoted Dr. Lubna Pal of Yale as saying.

Pal went on to say that Vitamin D treatment could become an "alternative approach" in resuming normal ovulation functions.

Vitamin D is thought to have a number of other useful medical properties and is important in regulating the body’s health. For example, Science Daily reported this month that it could help protect the body from low-level radiation damage.

In past research, low Vitamin D levels have been linked to breast cancer. Many people turn to nutritional supplements to make sure they are taking in an adequate amount of the vitamin.

A small amount of direct sunlight each day should be enough to avoid Vitamin D deficiencies, while dietary may sources include eggs, fish (including cod liver oil) and fortified milk.

Expert urges Obama to balance liberties with fighting terrorism

Can personal liberties be balanced with fight against terrorism?The protection of civil liberties and the fight against terrorism should be able to exist comfortably side-by-side under a new administration, an expert has suggested.

Lanny Davis, who served as a member of the Privacy and Civil Liberties Oversight Board for two years, wrote on a Fox News blog that President-elect Barack Obama’s national security transition team should assess the effectiveness of the presidentially appointed panel before his inauguration.

The Privacy and Civil Liberties Oversight Board was created by the 2004 Intelligence Reform Act, after the idea was recommended by the Sept. 11 commission.

Davis describes how civil liberties and privacy concerns were a daily matter for those who served on the board, in contrast with public perceptions about how the government views these issues.

However, he also raises issue with the fact that the panel was initially organized so that it reported the office of the president – which he claims undermines its independence.

"I was very troubled by what I believed to be the absence of serious legal and constitutional authority, judicial review and congressional oversight over the program," Davis wrote.

In the run-up to the election, Obama’s views regarding warrantless government surveillance of suspected terrorists briefly created controversy among his supporters.

Executive compensation plans come under fire

Bonuses are causing controversy with taxpayersTaxpayers and lawmakers alike remain dismayed by large compensation packages for executives, particularly in light of last month’s unpopular $700 billion economic bailout bill.

Representative Henry Waxman recently asked nine major banks that are set to receive a combined $125 billion in federal aid for information about employee and executive compensation from 2006 to 2008.

"While I understand the need to pay the salaries of employees, I question the appropriateness of depleting the capital that taxpayers just injected into the banks," wrote Waxman in a letter to Bank of America CEO Kenneth Lewis.

This week, Bloomberg also spoke with a number of taxpayers who remain outraged at some of the executive salaries that have made news in recent months, especially now that their money is being used to prop these companies up. For example, the report noted that Goldman Sachs CEO Lloyd Blankfein had received a $67.9 million bonus in 2007, before this year’s economic crisis set in.

"Even really sober people are saying this is the worst financial crisis since the Depression and they’re saying bonuses are just going to be reduced? You read that and your jaw drops," Seattle resident Patrick Amo told the news organization.

You Have A Right To Remain Silent

Historically, the legal principal “You have a right to remain silent” has had great protective benefits in protecting one’s civil and criminal rights at law.

Did I say civil? Yes, because trickery is involved. Civil investigations compel testimony against one’s self—testimonies which are later used for criminal charges. In short, authorities use civil investigations—courtesy of your testimony (confessions)—to build a criminal case against you.

Sounds like the old Star Chamber, where in olden days one was tortured into confession and then tortured to death because of his confession.

We now live in a welfare state—euphemism for fascism and cover name democracy. The term “democracy” is no doubt the most complete deception in modern times. Never mind the politicians and bureaucrats, the most intelligent minds of our world have bought this facade called democracy hook, line and sinker.

The power of stated propaganda is most disturbing. Democracy is nothing more than benevolent totalitarianism. Don’t take this word benevolent too seriously. It simply means that you get social security and food stamps if you will live on “the animal farm” and confess to Big Brother all your sins.

I am just trying to tell you that you are a part of the herd. The only way out of the herd is to first recognize that you are in it. What does this mean? It means that you are on one side and the government and its politicians and bureaucrats are on the other. No, they don’t want you to know this or they would lose control—we have bigger numbers but massive propaganda makes the difference in the balance of power. The government “pays” for everything with the money they print.

Yes, they manipulate your mind against your best interest from cradle to grave. They convince you to eat foods and take vaccinations that will kill you and your children. They create wars of human sacrifice under benevolent terms like patriotism. They set up a Gestapo and call it “homeland security.”

Artifices of deception are almost everything you read and hear. We will never get off the animal farm until we recognize the facade of democracy and the absolute despotism behind it.

Want privacy? Turn off your cell phone!

Concerns about privacy and GPS Global Positioning System (GPS) technology is causing growing concern among privacy advocates who fear that cell phones and other items could end up playing a "Big Brother" role.

The seeds of this privacy debate were planted earlier this decade as emergency responders struggled to locate people who called 911 from their cell phones. This led to enactment of the federal "enhanced" 911 law in 2005 requiring that all new cell phones be equipped with GPS technology.

With this technology, consumers can take advantage of services such as driving directions and potentially, highly targeted marketing. For example, the San Francisco Chronicle recently cited a free software project from Nokia and the University of California at Berkeley that helps drivers avoid traffic with real-time data.

Still, the technology potentially has many privacy drawbacks if it ends up in the wrong hands. One way around such concerns at this point is to simply turn off your cell phone when privacy is desired.

Some of the current debate focuses on law enforcement using GPS to track crime suspects. In September a federal judge ruled that law enforcement must have a warrant based on probable cause to compel providers to turn over customer location records.

However, in 2005, another federal judge ruled that authorities were justified in attaching a GPS device to a drug suspect’s car without a warrant, claiming that the suspect had no reasonable expectation of privacy while operating on public roads.

C. diff sickening more than previously estimated

C. difficile causes diahrrea and other health problemsMore hospital patients than previously thought have been sickened by a drug-resistant bacteria, according to a new report.

Clostridium difficile (C. diff) has infected or colonized around 13 out of every 1,000 patients, according to surveys conducted by the Association for Professionals in Infection Control and Epidemiology.

Previous estimates were much lower – between 6.5 and 20 times less than the new figures.

C. diff is a bacterium that can cause diarrhea and intestinal conditions. In recent years, a virulent and antibiotic-resistant strain has arisen and is growing more common.

People are at a higher risk of contracting C. diff if they are older, have a weakened immune system, have been hospitalized for long periods or have recently taken antibiotics, according to the Mayo Clinic.

The APIC study confirmed the fact that most C. diff infections are picked up in a hospital, with 72 percent confirmed to have been acquired in a healthcare setting.

"This study shows that C. difficile infection is an escalating issue in our nation’s healthcare facilities," commented lead investigator Dr. William Jarvis.

APIC has published a set of guidelines aimed at helping hospitals prevent the transmission of C. diff.

Vitamin D might be effective against radiation

Can vitamin D protect health against radiation?The wonders of vitamin D as a health supplement have already been recognized by numerous studies, with many experts pointing out that most people take in too little of the so-called "sunshine vitamin."

Now, another novel use for vitamin D has been uncovered. A health expert suggests that a form of vitamin D may protect the body from radiation, which could be used to shield people from a low-level nuclear incident.

Daniel Hayes, Ph.D., of the New York City Department of Health and Mental Hygiene says in the International Journal of Low Radiation that calcitrol, a form of vitamin D, might be useful as an effective agent to protect people against an accidental nuclear incident or terrorist attack.

Hayes believes that calcitrol, the biologically active form of Vitamin D, could be used to prevent cancer caused by radiation.

"Our general understanding and appreciation of the multifaceted protective actions of vitamin D have recently entered a new era," writes Hayes.

Currently potassium iodide (KI) is used following a radiological or nuclear event. According to the Centers for Disease Control and Prevention, KI may cause thyroid problems.

Taxpayers to catch a break on ’09 returns – or will they?

IRS has made inflation adjustments for 2009 tax yearTaxpayers could get a break on their 2009 tax returns due to inflation adjustments recently announced by the IRS.

The adjustments comply with a federal law requiring several dozen parts of the tax code to be annually adjusted for inflation.

Among the provisions are a $150 increase in personal and dependent exemptions and a modest increase in standard deductions for both married and single taxpayers, plus a boost in the maximum earned income tax credit.

There will also be a small increase in tax bracket thresholds between the 15 and 25 percent brackets. The IRS notes that the threshold between those two tax rates will increase from $65,100 to $67,900.

The annual gift exclusion will also be increased by $1,000, up to $13,000.

Still, any gains felt by taxpayers in the spring of 2010 could easily be offset by other factors. For example, columnist Tom Herman warns that on top of uncertainty about what will happen on the tax front, "millions of high-income workers will get hit by higher Social Security taxes."

Herman cites data from the Social Security Administration predicting that 11 million out of about 164 million workers will end up paying more when the maximum amount of earnings subject to Social Security tax rises from $102,000 to $106,800.