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Social Security reform is long overdue, but massive tax hikes are not the answer

Social Security reform is long overdue, but massive tax hikes are not the answer

House Democrats are considering pushing a massive tax Opens a New Window. hike on American workers, regardless of their income level, as part of a bill to expand Social Security. There’s no question that Social Security Opens a New Window. faces significant funding issues, but there are better ways to reform the program than increasingRead more about Social Security reform is long overdue, but massive tax hikes are not the answer[…]

Democrats Push Plan to Increase Social Security Benefits and Solvency

Democrats Push Plan to Increase Social Security Benefits and Solvency

After years of Republican-led debate over how to pare back Social Security’s rising costs, Democrats are flipping the script with an ambitious plan to expand the New Deal-era social insurance program while making gradual changes to keep it solvent for the rest of the century. The Social Security 2100 Act, which was introduced this pastRead more about Democrats Push Plan to Increase Social Security Benefits and Solvency[…]

House GOP expected to push changes to 401(k)s this fall

House GOP expected to push changes to 401(k)s this fall

Workplace retirement plans could be headed for a makeover in Congress. As part of a push for additional tax law changes, GOP lawmakers in the House are expected this month to float legislation that includes modifications to 401(k) savings plans. Broadly, those could include: reducing costs for small businesses to offer such accounts, making itRead more about House GOP expected to push changes to 401(k)s this fall[…]