Tag: Benefit expansion
We recently constructed a summary of the Social Security proposals of the 2020 presidential candidates. As part of that process, it seemed interesting to contrast the Social Security Expansion Act, proposed by Sen. Bernie Sanders (I-VT) and Rep. Peter DeFazio (D-OR), with the Social Security 2100 Act, proposed by Rep. John Larson (D-CT), Sen. Richard…
I love any proposal that puts my preferences clearly in the center. And Senator Warren did just that with her plans for Social Security. Just to remind you about Social Security’s finances, the program’s actuaries project a deficit over the next 75 years of 2.78 percent of taxable payrolls. As shown in Figure 1, this…
