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Are higher taxes the only solution to Social Security insolvency?
We are all aware – I hope you are – that the Social Security Trust fund will be depleted by the end of 2033, forcing benefit cuts of 20 percent in 2034 if Congress cannot find a solution. So, what are the possible solutions? The most popular one is to raise taxes on the rich, but is that the only solution? Maurie Backman asks, are tax hikes the only solution to Social Security’s insolvency? Read Ms. Backman’s article here…
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