Rethinking Social Security Funding: Could the Employer Compensation Tax Solve the Trust Fund Crisis—Or Harm the Economy?
As the looming insolvency of the Social Security trust fund draws nearer, policymakers in Washington are forced to confront hard truths about the future of America’s premier social insurance program. Traditionally, legislative efforts to shore up Social Security finances have relied on two primary levers: increasing the headline payroll tax rate or raising (or eliminating)…
