The Battle for Social Security: From FDR's Vision To Bush's GambleThis book illuminates the politics and policy of the current struggle over Social Security in light of the program's compelling history and ingenious structure. After a brief introduction describing the dramatic response of the Social Security Administration to the 9/11 terrorist attack, the book recounts Social Securityâ??s lively history. Although President Bush has tried to convince Americans that Social Security is designed for the last century and unworkable for an aging population, readers will see that the President's assault is just another battle in a longstanding ideological war. Prescott Bush, the current Presidentâ??s grandfather, remarked of FDR, "The only man I truly hated lies buried in Hyde Park." The book traces the continuous thread leading from Prescott Bush and his contemporaries to George W. Bush and others who want to undo Social Security. The book concludes with policy recommendations which eliminate Social Security's deficit in a manner consistent with the program's philosophy and structure. |
From inside the book
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Page 155
... taxable wage base , the level dividing covered wages , on which taxes were imposed and benefits calculated , from ... taxable base . Now only 85 percent of all earnings were below the maximum taxable wage base ; almost 30 percent of ...
... taxable wage base , the level dividing covered wages , on which taxes were imposed and benefits calculated , from ... taxable base . Now only 85 percent of all earnings were below the maximum taxable wage base ; almost 30 percent of ...
Page 302
... taxable . The 90 percent level was reached in 1983. In the decades since then , however , the earnings of high ... wage base . Today , once again , only about 85 percent of wages in covered employment are below the maxi- mum taxable wage ...
... taxable . The 90 percent level was reached in 1983. In the decades since then , however , the earnings of high ... wage base . Today , once again , only about 85 percent of wages in covered employment are below the maxi- mum taxable wage ...
Page 305
... Taxable Wage Base • Complies with 1977 and 1983 con- gressional intent . • Corrects effect of growing disparity between high wage earners and other earners . • Affects only 6 % of all workers . • People affected will have FICA with ...
... Taxable Wage Base • Complies with 1977 and 1983 con- gressional intent . • Corrects effect of growing disparity between high wage earners and other earners . • Affects only 6 % of all workers . • People affected will have FICA with ...
Other editions - View all
The Battle for Social Security: From FDR's Vision To Bush's Gamble Nancy J. Altman Limited preview - 2012 |
Common terms and phrases
actuarial advisory council Altmeyer American Armstrong Ball beneficiaries bill Bob Myers budget Bush campaign chairman Clark amendment commission Congress congressional conservative contributions coverage deficit Democrats Doughton earnings Economic Security Eisenhower elderly election employers enacted estate tax federal Frances Perkins Goldwater Greenspan health insurance Huey Long Ibid included income increase issue January labor Landon legislation Leninist maximum taxable wage Means Committee Medicare meeting ment million Myers National old-age insurance payroll tax percent Perkins political president's private accounts private pension projected proposal Reagan receive recommendations reform Representative Republican revenue secretary Senate Finance Committee social insurance Social Security Act Social Security Administration Social Security benefits Social Security Board Social Security's staff Supreme Court taxable wage taxable wage base tion Townsend Treasury Truman trust funds unemployment Vandenberg vote wanted Washington welfare White House Wilbur Cohen Wilbur Mills Witte workers York
References to this book
A Liberal Tool Kit: Progressive Responses to Conservative Arguments David Coates No preview available - 2007 |