The President’s Social Security Proposals
The President proposed last week, through his FY 2016 budget, a number of proposals to reform Social Security in small ways, including measures to shore up the strained Social Security Disability Insurance (SSDI) Trust Fund by shifting funds from the Old-Age and Survivors’ Insurance (OASI) Fund and to improve data sharing and coordination with other agencies. Overall, the Office of Management and Budget (OMB) estimates that these measures would save money through better program integrity and increased payroll revenues for the program. OMB expects that over the next 10 years these changes will cut Social Security’s costs by $14 billion and increase revenue by roughly $46 billion…Read More
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