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Another View on Social Security 2100: The Impact of Expansion
One of the underlying objectives of the H.R. 860–the Social Security 2100 Act–now the subject of House Ways and Means Committee hearings is to achieve expansion of the program, funded by increased payroll taxation. Is it good, or is it not so good? That’s the premise of an article Rachel Greszler, a senior policy analyst specializing in economics and entitlements at The Heritage Foundation’s Center for Data Analysis. Her conclusion is summed in this statement, “There simply isn’t any economic benefit, moral argument, or social safety net role for imposing higher taxes across the board in order to provide middle- and upper-income earners with more money for golf green fees and gifts for grandchildren.” Read her nationalinterest.org/blog post here…