Social Security Funding
The latest news and developments affecting Social Security funding, and how legislative moves may help or hurt the program.
April 21, 2021
TRUST Act Could Lead to Wide Social Security Benefit CutsSimply put, the TRUST Act is a way to cut benefits while leaving few fingerprints from individual members of Congress.
April 15, 2021
Bill Reintroduced to Shore Up Social Security, MedicareThe TRUST Act aims to prevent a roughly 25% cut to benefits in 2032, when today's youngest retirees turn 73.
April 12, 2021
Biden Hopes to Increase Respite Care FundingHis early budget request for 2022 also includes more money for fighting HIV and opioid abuse.
April 02, 2021
Larry Kotlikoff Would Tell Biden to Scrap Social Security, Start New SystemHe'd also tell the president to make the tax system more fair to both the poor and the wealthy, he tells ThinkAdvisor.
March 19, 2021
Alicia Munnell: Biden's Social Security Tax Hike Plan Falls ShortRaising payroll taxes on the highest earners isn't enough to fill the Social Security funding gap, the retirement scholar tells ThinkAdvisor.
February 24, 2021
HHS Nominee Becerra Talks About Biden Medicare Buy-In Plan ThinkingRepublicans questioned whether Xavier Becerra knows enough about health policy.
February 22, 2021
Saving Social Security Is a Bipartisan Issue: SurveyDespite the political divide, a majority of respondents want Congress to save the retirement program despite budget deficits.
February 17, 2021
How Biden's 'Donut Hole' Plan Could Undermine Social SecurityRichard Johnson of the Urban Institute tells ThinkAdvisor a way to raise revenue for the retirement program without creating a tax gap.
February 16, 2021
5 Ways Congress Could Boost Social Security, MedicareOne proposal from The Senior Citizens League: Apply the payroll tax to all earnings.
December 28, 2020
3 Social Security Changes Coming in 2021Also, check out three strategies for clients who must take benefits before their full retirement age.