TITLE

Expert: Something must be done for Social Security solvency

AUTHOR(S)
Woodburn, David
PUB. DATE
February 2005
SOURCE
Inside Tucson Business;2/7/2005, Vol. 14 Issue 35, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that in the wake of U.S. President George W. Bush's latest proposals for Social Security, delivered in his State of the Union address, John Shoven arrived in Tucson last week to offer his own expert advice for making the system solvent for the foreseeable future. Bush's plan includes indexing benefits according to price jumps, not increases in wages as is currently being done. The plan would index benefits to changes in life expectancy and increase Social Security taxes over time. Benefits would be cut for the higher-income contributors and a new 3 percent tax is introduced for those making more than a set amount.
ACCESSION #
16221661

 

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