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Article: SSA Chief Actuary: permanent tax cuts won't hurt Social Security.(United States Social Security Administration)(Brief Article)
- Article from:
- Accounting Today
- Article date:
- May 6, 2002
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WASHINGTON -- The Social Security Administration's Chief Actuary says that making tax cuts permanent would not impact Social Security's ability to pay benefits to seniors today or in the future.
Ways and Means Chairman Thomas' proposed amendment to make permanent the tax cuts enacted in 2001 includes a provision crediting the Social Security and Medicare Trust Funds as if the 2001 legislation and the extension of tax relief beyond 2010 had never been passed.
The actuary's memo, addressed to the House Ways and Means Subcommittee on Social Security, says that for tax years ...