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“You Earned It, You Keep It Act” would add 30 years to Social Security solvency–FA
In a post today by Tracey Longo on fa-mag.com, the results of Rep. Angie Craig’s (D-MN-2) bill titled the “You Earned It, You Keep It Act” were suggested to push the projected insolvency date for Social Security’s trust funds out to 2054. The bill–H.R. 7084–would eliminate federal income tax on Social Security benefits, with an increase in the amount of earnings subject to payroll taxes compensating for the program;s revenue loss. Read the Longo post here.
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So the fed is pretending to give us a break on SS taxes while picking our pockets on federal income tax. What genius politician dreamed this up? this should be thought of as a criminal act.