Tag: cutting Social Security
Improving benefits for the low paid is a noble goal, but all but the very wealthy need the benefits in current law. Why in the world would Republicans put out a plan to dramatically cut Social Security? Even Donald Trump said he wouldn’t mess with the program’s benefits. Yet, the Republican Study Committee’s Blueprint to Sav…
Abstract Social Security’s Trust Fund is projected to run out in 2034. As policymakers consider restoring financial balance to the program, one topic that may be discussed is how to structure any tax increases. Understanding why Social Security requires a higher payroll tax than a funded retirement program for a given level of benefits is…
