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Advisers push Social Security changes to cut payroll tax
The Advisory Council on Social Security proposes reducing the payroll tax to 5.6 percent in 1980 and holding it for 25 years, taxing half of benefits, and bringing federal workers into the system. It urges benefit formula changes to boost long time low and high wage earners, adjust cost of living rules, and modify earnings sharing for women.
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Congress
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Advisory Council On Social Security
Internal Revenue Service
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