Tax Policy Center

Social Security

Individual Taxes: TaxVox

How Much Will Future Retirees Receive in Lifetime Social Security and Medicare Benefits?

Typical millennial couples born in 1995 who retire in 2060 are scheduled to receive about $2.2 million in lifetime Social Security and Medicare benefits.
November 24, 2020C. Eugene SteuerleErald Kolasi
Campaigns, Proposals, and Reforms: TaxVox

Treasury Pick Yellen Likes Carbon Taxes and More Pandemic Relief, But Not The TCJA

Janet Yellen, president-elect Joe Biden’s pick for Treasury Secretary, would come to the job with largely predictable views on tax policy for a mainstream, center-left...
November 24, 2020Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Biden Proposed Raising Social Security Payroll Taxes By $740 Billion…And Still Got Elected President

An amazing thing happened in this year’s presidential election. A major party candidate proposed raising Social Security payroll taxes. And won.
November 17, 2020Howard Gleckman
Individual Taxes: TaxVox

A Close Look at Joe Biden’s Social Security Proposals

We recently compared Social Security proposals advanced by Democratic presidential nominee Joe Biden and four of his primary rivals.
October 12, 2020Melissa M. Favreault
Federal Budget and Economy: TaxVox

Trump The Disrupter Takes Dead Aim At Social Security

Throughout the 3 ½ years of his presidency, Donald Trump has disrupted nearly every major institution of government, save one.
August 10, 2020Howard Gleckman
: TaxVox

The COVID-19 Crisis Reveals The President’s Misplaced Budget Priorities

Presidential Budgets reveal much about the priorities of an administration. President Trump’s fiscal year 2021 budget, released in early 2020, proposes almost no additional resources...
June 9, 2020C. Eugene Steuerle
Individual Taxes: TaxVox

The IRS Is Getting Out Coronavirus Rebate Payments: Congress Needs To Think About A Second Round

To its credit, the IRS has been quickly distributing the first tranche of rebates authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act...
April 16, 2020Elaine Maag
Individual Taxes: TaxVox

Treasury Now Will Send Coronavirus Payments To Social Security Beneficiaries Without Income Tax Returns. That May Be Bad News For Many.

Last night, the, the Treasury Department announced it was reversing course and would make direct coronavirus rebate payments to Social Security beneficiaries even if they...
April 2, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

Treasury Struggles With CARES Act Rebates To Social Security Beneficiaries

The Coronavirus Aid, Relief, and Economic Security (CARES) Act promises that low-income Social Security beneficiaries will automatically get their $1,200 COVID-19 rebate, but new guidance...
April 1, 2020Janet Holtzblatt
: TaxVox

What Do The Sanders-Biden Fights Over Protecting Social Security Mean?

One verb, multiple meanings
February 14, 2020C. Eugene Steuerle