Search results
Results from the WOW.Com Content Network
On February 2, 2005, Bush made Social Security a prominent theme of his State of the Union Address. In this speech, which sparked the debate, it was Plan II of CSSS's report that Bush outlined as the starting point for changes in Social Security. He outlined, in general terms, a proposal based on partial privatization.
One option for preventing Social Security cuts is to push back full retirement age (FRA), which is when seniors can collect their complete monthly benefit without a reduction. Right now, FRA is 67 ...
The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. [29] The New York Times stated in an editorial that the full Bush-era tax cuts were the single biggest contributor to the deficit over the past decade, reducing revenues by about $1.8 trillion between 2002 and 2009. [30]
The act extended the Bush tax cuts for an additional two years (until January 1, 2013) and "patched" the exemptions to the Alternative Minimum Tax (AMT) for tax year 2011. This act also authorized a one-year reduction in the Social Security employee-payroll tax.
The chart makes two more assumptions: (1) The birth year is 1960 or later, and (2) ... Admittedly, those numbers do not account for possible Social Security cuts in 2035. But experts generally ...
A group of Republican lawmakers aims to balance the federal budget and slash government spending by targeting programs like Social Security -- and some seniors could see a major reduction in ...
The economic policy and legacy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.
Dwight D. Eisenhower. On Sept. 1, 1954, President Eisenhower dramatically expanded Social Security to include 10 million more Americans in the Old-Age and Survivors Insurance Program.The fund was ...