Tag: Social Security finances

View of US Capitol building with stormy clouds

The original Social Security 2100 Act,released in 2019 by Congressman John Larson (D-CT), then Chair of the House Ways and Means Sub­committee on Social Security, was terrific.  The legislation retained, and even slightly enhanced, benefits and substantially increased revenues to cover the program’s 75-year deficit.  On the benefit side, the 2019 legislation offered four enhancements:…

Hand fillin gout a health inaurance form on a clipboard with. a stethoscope and laptop in the background

The rising cost of employer contributions to employee-sponsored health insurance (ESHI) can slow wage growth and erode the Social Security wage base.  Both these effects were evident in the decades before 2005, as ESHI increased as a share of compensation.  Fortunately, the ratio of ESHI contributions to compensation plateaued after 2005, stabilizing wages and halting…