McCain: Social Security Tax Hike ‘On the Table’

ABC News' Anamarie Rebori reports: Sen. John McCain made clear this weekend that when it comes to fixing Social Security, "everything is on the table," including a possible payroll tax increase.

"There is nothing I would take off the table. There was nothing I would demand," McCain told ABC News' George Stephanopoulos in an exclusive interview on "This Week." "I think that’s the way that Ronald Reagan and Tip O’Neill did it -- and that's what we have to do again."

When asked if that includes a possible hike in the payroll tax, McCain reiterated that nothing -- including such a tax hike -- is "off the table."

"I don't want tax increases. Of course, I'd like to have young Americans have some of their money put into an account with their name on it," McCain said.

However, in a February interview with Stephanopoulos, which also aired on "This Week," McCain made a pledge not to raise taxes as president. When Stephanopoulos asked, "Are you a 'read my lips' candidate, no new taxes, no matter what?" McCain responded affirmatively: "No new taxes."

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