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The Senior Citizens League Weighs-In on the “Six Figure Limit” - The Senior Citizens League
The Committee for a Responsible Federal Budget (CRFB) has created a bit of a stir with its recent proposal for Congress to consider placing a ceiling on the amount of benefits available to married couples and, by extension, unmarried claimants. The CRFB proposal would, in the opinion of The Senior Citizens League (TSCL), constitute a benefit cut that would grow in magnitude over an extended period. Consequently, TSCL has indicated an inability to voice support for this proposal, as explained in a post by Danial Amjad, Policy Analyst. Instead, TSCL suggests eliminating the taxable maximum as an alternative.
The Six Figure Limit proposal is an example of novel thinking emerging as the Social Security insolvency crisis draws closer. Readers can expect a steady flow of proposals to restructure portions of the Social Security policy rulebook in order to ward off the scheduled substantial benefit cut that would occur absent corrective action by Congress.