Download the pdf: Social Security: A New Solution to an Old Problem Introduction More than one-quarter of state and local government employees are exempt from Social Security because they participate in a pension plan that allegedly provides comparable retirement benefits.[1]…
Download the pdf: Social-Security-Replacement-Rates_Nudging-in-the-Wrong-Direction.pdf Introduction Social Security reform is both necessary and urgent, yet Congress remains reluctant to act.[1] This political inertia is primarily the result of two factors. First, the combined Social Security trust funds (OASDI) are projected to remain…
Introduction Since the last major Social Security reforms enacted in 1983, every annual Trustees’ report has projected benefits would exceed payroll taxes (plus income taxes on benefits) by 2021 or earlier, and the combined retirement and disability trust funds…
Introduction As the Democratic majority in Congress attempts to finalize their nearly $2 trillion social spending plan, one issue that will soon come into sharper focus is President Biden’s campaign promise not to raise taxes on anyone making…