News

Social Security COLA for 2020: Blame Bureau of Labor Statistics, DOL
Stay up to date while navigating the crucial yet complicated world of Social Security.
Senator Elizabeth Warren, D-MA, has a plan for Social Security. And while retirees will love it; the wealthy, not so much. The New York Times reports that Warren’s plan to boost Social Security benefits by $200 a month would be financed by an increase in taxes on the wealthy—specifically, the very rich, who would end up paying more in Social Security taxes than they would eventually reap in benefits.
Democrats in the House are already considering a bill to boost Social Security benefits that would be funded by raising taxes on middle- and high-income workers—a long way from the party’s former attitude of simply protecting the program or slowing the pace of benefits increases.
Already have an account? Sign In Now
Copyright © 2023 ALM Global, LLC. All Rights Reserved.