Sens. Bill Cassidy (R-LA) and Tim Kaine (D-VA) have floated a proposal to create a $1.5 trillion investment fund aimed at extending the solvency of Social Security. The five-year fund would grow until it holds enough money to keep Social Security from running out of money by the projected 2033 date, the Senators say.
2 min read
Bipartisan Senate Duo Float Social Security Investment Fund
Topics: Legislation & Regulations Social Security
1 min read
Medicare and Social Security Trust Funds to Run Dry a Year Earlier
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.
Topics: Medicare Social Security
1 min read
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
2 min read
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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