Reagan plan targets Social Security with 10 percent cut
President Reagan proposes a 10 percent across the board reduction in future Social Security benefits by 1986 to avert insolvency, with early retirement penalties and eventual payroll tax cuts. The plan preserves current retirees’ benefits and redraws the replacement rate from 41 percent to about 37 percent, prompting bipartisan debates and warnings from opponents.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Congress
America
Senate Finance Committee
Bob Dole
R-Kan
J.J. Pickle
Dtexas
House
Ways and Means
Claude Pepper
D-Fla
Select Committee On Aging
Social Security
How the Social Security changes would affect Americans
AP summary of Reagan plan to avert Social Security bankruptcy outlines broad cuts affecting 36 million beneficiaries and 114 million workers. It covers retirement age effects, benefit replacement rates, payroll tax changes through 2020, cost of living adjustments, the earnings test, and exclusions for Congress and federal workers from universal coverage.
MENTIONED IN THIS ARTICLE
Department of Health and Human Services
Charles T. Mannatt
Ronald Reagan
Mannatt
Laura Fiori
American Association of Retired Persons
Reagan
Svahn
Washington
Congress
Reagan vows all out drive for block grant plan
President Reagan told 19 governors at the White House he will mount a sustained personal lobbying campaign to replace restricted federal grants with lump sum block grants. Illinois Governor James R. Thompson said the effort mirrors his budget push and seeks more state flexibility in federal aid use amid waning congressional support.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Congress
Illinois
James R. Thompson
White House
Block
Thompson
Reagan to seek dialogue at Cancun conference amid global talks
The administration foresees a three day International Development Conference with a plan to attend the meeting in Cancun. Nine non Communist industrial nations and 21 poor countries will join. A senior official said global negotiations began with enthusiasm under the Carter administration but ended in a no win proposition.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Cancun
Also Mentioned on This Page
Eterna
Saaz
Sai
Dole
Bill Armstrong
R-Cole
Senate Finance Subcommittee On
Healthy and Human Services
Richard S. Schweiker
Reagan Administration
Pickle
Subcommittee
Administration
John Svahn
Con
Peter Day
Pres
Rashish
Sypscase Legal Clinic
Andrew J. Cohan
Jonathan D. Golby
Richmark Carpet Remnants
Saxony
Moresque
Richmark
Genesee St
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!