The Treasury Department’s annual report, issued June 18, on the state of the Social Security and Medicare trust funds projects that the two safety-net programs will run out of enough money to pay current benefits a year earlier than had been projected last year.
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Medicare and Social Security Trust Funds to Run Dry a Year Earlier
Topics: Medicare Social Security
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House, Senate Democrats Introduce Social Security Expansion Bill
On Feb. 27, House and Senate Democrats introduced the Social Security Expansion Act, a bill that would increase Social Security (SS) benefits by $2,400/year, fully fund the program for 75 years, and apply the SS payroll tax to all income above $250,000/year.
Topics: Social Security
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Prospects for 2025 Tax Legislation
If, as expected, the GOP controls both the House and Senate next year, the risks and challenges of the 2025 tax bill have become a bit clearer. Here is a run-down.
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