The Flat-Rate COLA Debate: Could Smaller Social Security Increases Lead to Lower Tax Bills?
As the 2032 deadline for the depletion of the Social Security retirement trust fund looms, lawmakers and policy experts are engaged in a high-stakes search for solvency. Among the most controversial proposals under consideration is a shift in how the government calculates the annual cost-of-living adjustment (COLA). Specifically, proponents are debating whether to move from…
