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21st Century rosy outlook for Social Security funds
The trustees told Congress the Social Security retirement and disability trust funds stay solvent until at least 2010 due to higher payroll taxes approved last December. The Hospital Insurance Trust Fund may fail by 1990, a slight improvement from 1988 projections, prompting calls to strengthen long-term financing. The trustees urge delaying tax changes until the advisory council reports in October 1979, while Part B Medicare funding relies on general revenues and retiree premiums.
MENTIONED IN THIS ARTICLE
Washington
Congress
Hospital Insurance Trust Fund
Treasury
W. Michael Blumenthal
Labor
Ray Marshall
Health, Education and Welfare
Joseph A. Califano Jr