Preserving and strengthening Social Security for Washington State
Via Social Security Works President Obama has proposed a 2% payroll tax holiday on employees only. Currently, employees pay a 6.2% FICA tax on wages up to $106,800. The Administration’s proposal would exist for one-year and is estimated to cost $120 billion. The revenue Social Security would lose from the payroll tax cut would be …
Continue reading President Obama’s Payroll Tax Holiday Could Unravel Social Security
Social Security Works Washington released this statement following today's vote by the National Commission on Fiscal Responsibility and Reform: President’s Obama’s Fiscal Commission fell short of the required 14 vote requirement needed to send their proposal to Congress for one simple reason: it didn’t have broad public support, and the members of the commission knew …
Continue reading Fiscal Commission proposal lacks real support because it lacks real solutions
Via Washington Policy Watch: Fishing season is open, so it may be no coincidence that a recent federal deficit-cutting proposal includes this whopper: cut Social Security benefits by raising the retirement age to 68. Like fish left out too long, this one smells funny. And no wonder: More than 50 million Americans rely on Social …
Continue reading Deficit commission fishing for ways to raise the retirement age
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