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Trump plan to end tax on Social Security benefits is a fatal mistake
08/17/2024
Senator Larson says it is a fatal mistake as lost revenue is not made up leading to a Medicare insolvency in 2031, and Social Security insolvency in 2033. Social security benefits will then by law will be cut in 2033 by 25%, a dangerous step tragic for many on Social Security who are pushed into poverty.
Grouped Articles
CNBC 08/17/2024
Committee for a Responsible Federal Budget 08/17/2024
Trump wants to cut income taxes on Social Security. Here's how that would impact your benefits.
CBS News 08/17/2024
Social Security in the U.S.
10/21/2010
Grouped Articles
Alice Rivlin's Bid to Cut the Deficit
BusinessWeek 10/21/2010
Deficit panel leaders propose curbs on Social Security, major cuts in spending, tax breaks
Washington Post 11/10/2010
Panel Chairmen Recommend Cutting Federal Spending by $200 Billion
Wall Street Journal 11/10/2010
Deficit Panel's Leaders Push Cuts
Wall Street Journal 11/08/2010
Wall Street Journal 03/03/2011
To Cut the Deficit, Look to Social Security
New York Times 04/04/2011
Financial Outlook for Social Security in the U.S.
08/06/2010
The Social Security Fund is expected to need an infusion of $41 billion in 2010, with more coming out than going into the fund in 2011, and the situation worsening by 2015.
Grouped Articles
Detroit Vehicles Outperform Imports in Quality Study
Wall Street Journal 05/13/2013
Bullish Medicare Projection Doubted
Wall Street Journal 08/06/2010
Alice Rivlin's Bid to Cut the Deficit
BusinessWeek 10/21/2010
Key Tax Breaks at Risk as Panel Looks at Cuts
Wall Street Journal 10/25/2010
Deficit Panel's Leaders Push Cuts
Wall Street Journal 11/08/2010
Wall Street Journal 03/03/2011
Japan's Social Security
11/20/2010
Grouped Articles
A special report on Japan: Social insecurity
Economist 11/20/10
A Ponzi scheme that should be fixed - The Washington Post
Washington Post 09/16/11
Solutions to the U.S. budget deficit, including changes in Social Security and Medicare.
10/21/2010
Grouped Articles
U.S. Annual Budget Deficit Smallest in Nearly Seven Years
Wall Street Journal 06/11/15
Alice Rivlin's Bid to Cut the Deficit
BusinessWeek 10/21/10
Key Tax Breaks at Risk as Panel Looks at Cuts
Wall Street Journal 10/25/10
Physician Panel Prescribes the Fees Paid by Medicare
Wall Street Journal 10/26/10
Deficit panel leaders propose curbs on Social Security, major cuts in spending, tax breaks
Washington Post 11/10/10
Panel Weighs Deep Cuts in Tax Breaks and Spending
New York Times 11/10/10
The Bush tax cuts in 2010.
08/05/2010
In the face of rising deficits, and questions about the future solvency of Medicare and Social Security, there are questions about the Bush tax cuts which expire in December 2010 if not renewed. With high unemployment the consensus seems to be to leave the tax cuts in place for a limited period, and have serious conversation about taxes when a new presidential term begins. A Value added Tax has been suggested by Paul Volcker, similar to that in Europe.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/10
New York Times 08/21/10
Bush Tax Cuts: Now That's Rich
New York Times 08/22/10
Why the Rich Donât Need a Tax-Cut Extension
New York Times 09/25/10
Tax-Cut Vote Shows Democratic Divide
Wall Street Journal 12/03/10
New York Times 12/02/10
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