,Raising the Wage Cap No Painless Solution to Social Security's Fiscal Woes

Raising the Wage Cap No Painless Solution to Social Security's Fiscal Woes


 

Publication Date: January 2007

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): David C. John; David C. John

Research Area: Banking and finance

Keywords: Social security; economy; taxes

Type: Brief

Coverage: United States

Abstract:

Raising payroll taxes is the wrong solution to Social Security's long term financing problem, and it is not the way to achieve retirement security for Americans.