Tag: social security financing
Proposals would rip away support for middle class. The Republican Study Committee (RSC) has just released its FY 2024 Budget Protecting America’s Economic Security and once again called for significant cuts to Social Security. The RSC has served as the conservative caucus of House Republicans since its founding in 1973, and it currently consists of…
The program’s “Missing Trust Fund” provides a strong case for an infusion of general revenues. According to the latest Social Security Trustees Report, the program’s 75-year deficit increased to 3.61 percent of taxable payroll compared to 3.42 percent in 2022. The year for depletion of Old-Age and Survivors Insurance (OASI) trust fund assets moved u…
