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Social security financing

1979 ADVISORY COUNCIL ON SOCIAL SECURITY

Social security bulletin, 1980-05, Vol.43 (5), p.18-29

United States: Social Security Board

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  • Título:
    Social security financing
  • Autor: 1979 ADVISORY COUNCIL ON SOCIAL SECURITY
  • Assuntos: BUDGETING, BUDGETS, FISCAL PLANNING ; Cost Allocation ; Costs and Cost Analysis ; Finance ; FINANCIAL SERVICE, BANKS, INSURANCE SYSTEMS, SECURITIES, EXCHANGES ; Financing, Government ; Humans ; Income Tax ; POLICY MEASUREMENT ; POLITICAL EVALUATION ; PUBLIC POLICY ; Social insurance ; SOCIAL SECURITY ; TAX STRUCTURES ; Taxes ; United States
  • É parte de: Social security bulletin, 1980-05, Vol.43 (5), p.18-29
  • Notas: ObjectType-Government & Official Document-2
    SourceType-Scholarly Journals-1
    ObjectType-News-1
    ObjectType-Feature-4
    content type line 23
    ObjectType-Article-3
    ObjectType-Article-1
    ObjectType-Feature-2
  • Descrição: After nearly 2 years of study, the 1979 Advisory Council on Social Security submitted its findings and recommendations in December. In February the Bulletin published the Executive Summary of the Council's report. Because of the continuing wide public interest in the future of social security financing, the Council's detailed findings and recommendations on that subject are published below. The Council unanimously reports that all current and future beneficiaries can count on receiving the payments to which they are entitled. Among the recommendations it calls for are partial financing with nonpayroll-tax revenues. Suggested changes include hospital insurance (HI) financed through portins of personal and corporate income taxes and a part of the HI insurance payroll tax diverted to cash benefits with the balance of this tax repealed. The Council also recommends that the social security cash benefits program be brought into long-run actuarial balance--with a payroll-tax rate increase in the year 2005. It rejects the idea of a value-added tax as being inflationary. Parenthetical remarks represent additional views of the Council members cited.
  • Editor: United States: Social Security Board
  • Idioma: Inglês
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