Social Security
Dear Mr. President,
Social security program is the backbone of the American society. The current shortfalls in the fund will adversely affect many people in the coming years. Therefore, it is imperative that a long-term solution be found to solve this problem once and for all. The social security fund depends on payroll taxes paid by both workers and employers and the retirement age. Hence, the fiscal problems can only be solved by adjusting three key measures: payroll taxes, pension payouts, and retirement age.
Firstly, the government can increase the payroll tax. Currently, workers pay 6.2% of their ...
