Image: Alpha Stock Images via Picserver.org/Creative Commons, http://www.picserver.org/highway-signs2/images/social-security.jpg In order to ensure that the program is meeting the growing needs of today’s seniors—as well as future generations—we must make some important changes to the Social Security system. The Social Security 2100 Act, recently introduced in Congress by Rep. John Larson (D-Conn.), provides precisely the kinds …
Trump Trial Balloon to Eliminate Social Security Tax Undermines Key Defense of the Program
Image: Alpha Stock Images via Picpedia.org/Creative Commons, http://www.picpedia.org/clipboard/images/social-security.jpg The Trump administration is considering a proposal to remove Social Security’s dedicated funding stream by eliminating the payroll tax that funds it, the Associated Press reports. That would generate a considerable and highly visible tax cut for workers — 6.2 percent of their wages, putting an extra $3,720 a …
Social Security: Suicide Prevention Tool
Suicide prevention sign on the east sidewalk of the Golden Gate Bridge, San Francisco, California. Photo: Guillaume Paumier, CC-BY. When officials of the Trump administration and the Republican-majority Congress speak of “reforming” entitlement programs such as Social Security and Medicare, the conversation is largely confined to cost-cutting. It’s easy to forget the enormous impact these …