Tag: tax cuts
![A picture of inflation rate word and notepad with pen, smartphone calculator and grocery receipt](https://crr.bc.edu/wp-content/uploads/2023/09/A-picture-of-inflation-rate-word-and-notepad-with-pen-smartphone-calculator-and-grocery-receipt-1536x1025.jpeg)
But it shouldn’t be used as a precedent for Social Security. Both the House and Senate tax cut proposals change the measure of inflation used to adjust the income thresholds in the tax schedule. This shift to a “chained” consumer price index (CPI), which makes sense on the tax side, has also been proposed in…
![Tax word on paper cut by scissor, blue background](https://crr.bc.edu/wp-content/uploads/2017/11/Tax-word-on-paper-cut-by-scissor-blue-background.jpeg)
Future retirees will pay with lower Social Security and Medicare benefits. Until recently, I have been totally focused on how Congressional tax proposals might affect retirement saving. I have been particularly concerned that forcing everyone to save through a Roth rather than a traditional 401(k) plan would seriously disrupt savings patterns and cause many workers…