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Cost Of Living Raises Social Security Taxes
The series notes proposed boosts to tax rates and earnings base for Social Security and Medicare, with 1987 as the target for 5.9 percent and discussion of rising benefits. Critics warn higher taxes may be needed as costs outpace wages, while some favor shifting financing from the insurance model to the treasury.
MENTIONED IN THIS ARTICLE
Washington
NEA
Robert F Kennedy
New York
General
United States Treasury
U.S. Senate
Kennedy
America
Treasury
Senate