By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: December 1988
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Peter J. Ferrara
Research Area: Banking and finance
Keywords: Social security
Type: Report
Abstract:
Moving Social Security completely off-budget is a sure prescription for a major increase in general taxes on top of recent and scheduled hikes in the Social Security payroll tax. Meanwhile, Congress no doubt quickly would discover a method to spend the off-budget Social Security surpluses.