Social Security Administration News
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Greece’s fiscal outlook after 2014 remains “inherently uncertain” and will be the focus of negotiations between Greece and its euro-area and International Monetary Fund creditors later this year, the European Commission said.
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The Heritage Foundation said one of the authors of a report released this week criticizing a bipartisan Senate plan to revise U.S. immigration laws has resigned.
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A Social Security Administration analysis said the Senate’s bipartisan immigration proposal would boost U.S. tax revenue, create jobs and increase the gross domestic product over the next 10 years.
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The most significant revision of U.S. immigration laws in a generation will come under a new line of attack for its potential costs to public programs including Social Security and Medicare.
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A bullet point on Page 18 of President Barack Obama’s 2014 budget sounds ominous: “Prohibit Individuals from Accumulating Over $3 Million in Tax-Preferred Retirement Accounts.” That it appears in a section titled “Strengthening the Middle Class” is odd since such a proposal would seem to undermine the goal.
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President Barack Obama says Social Security and Medicare fulfill “the guarantee of a secure retirement,” providing Americans benefits they have earned through a working lifetime of contributions.
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As the recession pushed U.S. incomes down last year, America’s highest earners -- 72 people who made more than $50 million -- earned an average of $84 million each.
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The conversation in Washington is shifting from taxes to entitlement spending and, in particular, how to slow the unsustainable growth of Social Security and Medicare.
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Benny Watters, 5, died of a brain tumor in September 2010. Ten months later, when his parents sought to file their taxes and claim him as a dependent, they found that an identity thief already had done so, using government data about Benny’s death on a fraudulent return.
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The fight for the Republican presidential nomination sometimes seems to be a contest over who can say the most alarming things about Social Security.
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