Reply #4: No. Any change to the cap formula will require new legislation.

[Romulox]

So to speak of the consequences as to the existing formula is not very useful. In other words, lifting the cap will require new legislation; that self-same legislation will, by necessity, not allow for the present pay-out formula to apply to high earners. Why? Because allowing these payouts will obviate the entire purpose of the change.

So, yes, it's obvious. And as to what Obama was arguing about during his campaign? Not terribly relevant to any of his present policies, so...meh. :shrug: