In the News: The Hill

Proposed payroll tax cut damages fiscal sustainability, portfolio manager axel merk tells The Hill

"...

Axel Merk, president and chief investment officer of Merk Investments, based in Palo Alto, Calif., said the [proposed] payroll tax cut undermined Social Security’s long-term solvency, which factors heavily into debt projections.

'The key concern is that we need to fix Social Security in the long term and this is taking the money from Social Security and paying for it later,' he said…"