Heard on the Hill
Brady and Grassley Push for Clarification of Chief Actuary’s Social Security Analysis
Citing concerns over the political interpretations of a study published by the Social Security Administration’s Chief Actuary, House Ways and Means Republican Leader Kevin Brady (R-Texas) and Senate Finance Committee Chairman Chuck Grassley (R-Iowa) today issued a letter to Chief Actuary Stephen Goss requesting clarification that the “hypothetical legislation” on which the study was based is not in fact a proposal advocated by any “official” source. The Chief Actuary’s study, in hypothetical terms, assessed the impact of eliminating the FICA and SECA taxes currently serving as the primary funding mechanism for Social Security and suggested the elimination would fully deplete the OASI trust fund by the middle of calendar year 2023. Read the statement from the Ways and Means Republicans here…
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