Heard on the Hill
Unified Tax Reform Highlights Potential for More Jobs, More Workers, More Taxpayers
With the ratio of workers-to-beneficiaries now standing at 2.8:1, it’s no secret that the looming Social Security solvency crisis would benefit from the addition of jobs and workers to the taxpaying base in America. The House Ways and Means Committee, in an October 19 blog post, offers conjecture on how tax reform currently under consideration in Washington will help grow jobs and paychecks, an outcome that could have a material impact on the solvency issue. Their post reports that “By reducing tax rates for businesses large and small, our plan will level the playing field and make America the jobs magnet of the world.” Access the blog post here, and page through the details to get a better understanding of the reform proposals.
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