Most of social security bill approved by House panel

A key House panel skirted the touchy issues, but swiftly approved most of a $ 165 billion social security rescue bill. The House Social Security Subcommittee tentatively endorsed a package including speedier payroll-tax hikes, a benefits tax, a six-month pension freeze , and a requirement that new federal workers join the system. It made only two major changes, recommending a cost-of-living increase for 1983, whether or not inflation automatically triggers it, and proposing that self-employed workers get a $250 million one-time tax credit.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK