Latest News
Social Security Under Bernie Sanders
One of the biggest debates in the current election cycle is on how the Social Security system will operate under each candidate. Each candidate has proposed their own solutions to the problems facing Social Security. Sanders would see the program expanded and has outlined in a recent proposal how he would see the solvency issue fixed under his watch. Sanders expansion would see increased benefits for all recipients, an increase of 4.875% on average, and would be accompanied by an increase in taxes in order to pay for it. These taxes would affect mostly the top earners in the country, including a pretty hefty investment income tax hike raising taxes on investment by as much as triple what they are now. For more information on this topic, visit this article by Jamie Hopkins with Forbes.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.
