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A cut of that size could be catastrophic for the millions of retirees who depend on those monthly benefits today. Among Social Security recipients aged 65 and older, 12% of men and 15% of women ...
The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...
Once Social Security’s trust fund runs dry, seniors whose benefits cuts are larger than their tax savings would lose out, Goldwein said. Lowest-income senior citizens would be hurt the most.
That’s why it’s critical to find multiple ways of reducing your dependency on Social Security, regardless of what policy any future U.S. president puts into place.
Even though supporters of the Social Security Fairness Act argue it will only drain the Social Security fund six months earlier than otherwise expected, some critics believe there are better ...
It's not impossible to fund the program without taxing seniors' Social Security benefits. Theoretically, the government could do this by shifting the burden to workers. The Congressional Budget ...
Senate Majority Chuck Schumer last week started the process for a final vote on the Social Security Fairness Act, which would eliminate two federal policies that keep a portion of Americans from ...
Addressing Social Security’s massive financial issues will require implementing proposals similar to those of the Republican Study Committee, as well as tax increases and other measures, he said.