Close-up judge gavel with sad piggy bank and coun stacks

The Social Security Fairness Act Is a Terrible Piece of Legislation – Here’s How to Fix the Problem

January 24, 2025

Looking to the underlying problem — uncovered state and local workers. Every analyst who knows anything about Social Security agrees that the Social Security Fairness Act, signed by President Biden on January 5, is a terrible piece of legislation. It simply gives away money to some state and local workers – those who will now…

Close up of person's hands typing on a laptop overlayed with graphics of tax, money, bulls eye, maginifying glass, etc.

A Social Security Payroll Tax Increase Should Be Part of the Solution

MarketWatch Blog by Alicia H. Munnell

December 17, 2024

But the increase should be small and gradual. Enough with politics. It’s time to get back to solving problems. Not surprisingly – given my slant on the world – the problem I care most about is fixing Social Security. But in an attempt to protect lower-income households, President Biden committed to never raising taxes on…