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Tweaks could fix Social Security, panel says
A Senate Special Committee on Aging report outlines modest payroll tax and benefit changes to close a 5.3 trillion 75 year shortfall. It cites options including higher payroll taxes and slower cost of living increases, plus gradually raising the full retirement age to 68 or 70.
MENTIONED IN THIS ARTICLE
Washington
Senate Special Committee On
Herb Kohl
Social Security
Kohl
D-Wis
Associated Press
Congress
Senate
Social Security Administration
Barack Obama
Deficit Reduction Commission
Barbara Kennelly
National Committee
Kennelly
Connecticut
Kent Smetters
University of Pennsylvania
Wharton Business School
Smetters