Social Security Expansion Act: $33.8 Trillion Tax Would Destroy Jobs, Slash Incomes, and Increase Workers' Dependence on the State

Americans need thoughtful proposals for Social Security reform. Absent changes to the program, Social Security will be insolvent in a decade and benefits will be cut by 23 percent for all Social Security recipients. With $20.4 trillion in unfunded obligations—the equivalent of $157,000 per household—maintaining the program without structural changes would be incredibly costly.

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