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Social Security crisis warned by Stockman and Robertson
AP reports former chief actuary Stockman says payroll tax must rise to 10 percent or more to keep Social Security solvent, even with Reagan cuts. Robertson warns Medicare costs push taxes higher. projected 75 year deficit remains large, with potential tax rates 10 to 20 percent under various assumptions.
MENTIONED IN THIS ARTICLE
Washington
Reagan
David A. Stockman
House
Ways and Means Subcommittee On
Social Security
Stockman
Congress
A. Haeworth Robertson
The
Cial
Robertson
Health and Human Services
Richard
Schweiker