Tax Policy Center

Social Security

Campaigns, Proposals, and Reforms: TaxVox
Sanders’s Domestic Program Would Help Most Households, But Add More Than $18 Trillion to the Debt. Most American families would receive new government benefits that would exceed their higher taxes under the domestic policy agenda of Democratic Presidential hopeful Bernie Sanders. But even though
May 9, 2016Howard Gleckman
: TaxVox
The Senate’s six-year highway bill inches forward, after dropping a Social Security provision. Majority Leader Mitch McConnell won 14 Democrats’ votes for the bill after he agreed to drop a $2.3 billion offset. The money would have come from barring people with felony warrants from getting Social
July 24, 2015Renu Zaretsky
Individual Taxes: TaxVox
The other day, the Census Bureau put out a new report that concluded about one-in-five Americans received government benefits in 2012. But the study, called Dynamics of Economic Well-Being: Participation in Government Programs, 2009–2012: Who Gets Assistance, takes a far too narrow view about who
June 4, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
Without changes in the law, health care, Social Security, and interest on the debt will eat up 85 percent of all new federal government spending over the next 10 years, according to the latest estimates by the Congressional Budget Office. By contrast, CBO expects most of the rest of government,
August 28, 2014Howard Gleckman
Individual Taxes: TaxVox
The tax subsidy for employer-sponsored health insurance is huge. Not only are the premiums exempt from income tax, they are also immune from Social Security payroll tax. The two subsidies combined will add more than $1.6 trillion to the deficit over the next five years alone. But because that
May 8, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Yesterday, Washington Post columnist Bob Samuelson urged lawmakers to “just eliminate…the whole notion of entitlements.” His provocative argument: The very word "entitlement" makes people believe these programs are somehow untouchable. They are, for instance, effectively exempt from the sequester’s
October 22, 2013Howard Gleckman
Individual Taxes: TaxVox
Since the George W. Bush Administration, Social Security reform has been atop the federal government’s list of top policy challenges. But when people talk about Social Security, they usually have in mind the Old Age and Survivors piece of the program. There is another critical element, however--
June 18, 2013Howard Gleckman
Individual Taxes: TaxVox
The White House has put out the word that President Obama’s budget will propose changing the way government adjusts benefits for Social Security and other programs (as well as the income tax). Liberal Social Security advocates are furious . By shifting to a measure called the chained Consumer Price
April 9, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Changing the way government adjusts spending and taxes for inflation is one of those issues that continues to hang around the edges of the budget debate. Republicans and many economists argue for shifting to a more accurate inflation measure, called the chained Consumer Price Index (CPI). President
March 5, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
With 10 days to go until the dreaded sequester—the automatic across-the-board spending cuts that most lawmakers profess to hate—the Washington drama machine is starting to get in gear. Today, President Obama stood in front a group of uniformed first responders and warned darkly of layoffs if the
February 19, 2013Howard Gleckman