Congressional Research Service Reports - 16 Matching Results
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- Tax Code Termination Act: A Fact Sheet
- This report discusses the Tax Code Termination Act, which would “sunset” (repeal) the Internal Revenue Code of 1986 on December 31, 2002 and would require that any new federal tax system that is adopted be approved not later than July 4, 2002.
- Social Security and the Federal Budget: What Does Social Security's Being "Off Budget" Mean?
- As a result of a series of laws enacted in 1983, 1985 and 1990, Social Security is considered to be “off-budget” for federal budget purposes. While the meaning of this might seem obvious — that Social Security is not to be considered as part of the federal budget — many people are perplexed by the continued use of aggregate budget figures that include Social Security’s receipts and expenditures.
- Current Social Security Issues
- Social Security is the focus of intense public interest. Projected long-range funding problems, public skepticism about its future, and a growing perception that Social Security will not be as good a value for future retirees as it is today are fueling calls for reform. This report discusses a number of the major Social Security issues currently drawing congressional attention.
- Current Social Security Issues
- Social Security is the focus of intense public interest. Projected long-range funding problems, public skepticism about its future, and a growing perception that Social Security will not be as good a value for future retirees as it is today are fueling calls for reform. This report, updated regularly, discusses a number of the major Social Security issues currently drawing congressional attention.
- Social Security: The Relationship of Taxes and Benefits for Past, Present, and Future Retirees
- In recent years considerable public attention has focused on Social Security's treatment of younger versus older workers. Analysts sometimes have addressed this issue by examining the value Social Security provides each generation of workers in relation to the Social Security taxes they pay. These are referred to as "moneys worth" analyses.
- The Financial Outlook for Social Security and Medicare
- This report provides an overview of the financial outlook for social security and medicare programs.
- The Financial Outlook for Social Security and Medicare
- This report provides an overview of the financial outlook for Social Security and Medicare programs.
- Social Security and the Federal Budget: What Does Social Security's Being "Off Budget" Mean?
- As a result of a series of laws enacted in 1983, 1985 and 1990, Social Security is considered to be "off budget" for federal budget purposes. While the meaning of this might seem obvious -- that Social Security is not to be considered as part of the federal budget -- many people are perplexed by the use of aggregate budget figures that count all federal receipts and expenditures, including Social Security's.
- Social Security: Brief Facts and Statistics
- This document provides facts and statistics about Social Security that are frequently requested by Members of Congress and their staffs. Its purpose is to provide quick answers to basic questions about the program. It should not be treated as a guide to Social Security. The reader is advised to consult other publications for explanations of how eligibility and benefits are determined and how the program is financed. Among them are two pamphlets published by the Social Security Administration (SSA) entitled Basic Facts About Social Security and Understanding Social Security which are contained in the Congressional Research Service (CRS) Info Pack IP 153S, Social Security: An Introduction. SSA also issues numerous other pamphlets on various aspects of the program as well as a lengthy Handbook on Social Security. For other possible sources that provide data and basic descriptive material, see the references listed at the end of this document.
- Social Security Taxes: Where Do Surplus Taxes Go and How Are They Used?
- The costs of the Social Security program, both its benefits and administrative expenses, are financed by a tax on wages and self-employment income. Commonly referred to as FICA and SECA taxes (because they are levied under the Federal Insurance and Self-Employment Contributions Acts), these taxes flow each day into thousands of depository accounts maintained by the government with financial institutions across the country. Along with many other forms of revenues, these Social Security taxes become part of the government’s operating cash pool, or what is more commonly referred to as the U.S. treasury. In effect, once these taxes are received, they become indistinguishable from other monies the government takes in.
- Ideas for Privatizing Social Security
- This report summarizes the proposals that have emerged and the issues surrounding them.
- Ideas for Privatizing Social Security
- There has been considerable interest recently in privatizing Social Security. The ideas are wide-ranging: from adoption of a totally-revamped system of personal retirement accounts, similar to an approach taken by Chile in 1983, to permitting optional earmarking of a portion of existing payroll taxes for personal savings. This report summarizes the proposals that have emerged and the issues surrounding them.
- Social Security Reform: How Much of a Role Could Private Retirement Accounts Play?
- Numerous proposals have been made calling for creation of individual retirement accounts to replace or supplement future Social Security benefits. Some believe that having workers accumulate assets based on their own contributions would be a better way to secure future retirement incomes. Others see the creation of private accounts as a way to offset cuts in Social Security that may be needed to restore the system to a sound financial footing. Much of the debate is fueled by the perception that per dollar of contributions, individual accounts invested in the private sector would exceed the value of future Social Security benefits, particularly since those benefits will likely need to be curtailed as the post World War II baby boomers retire.
- Social Security Financing Reform: Lessons from the 1983 Amendments
- No Description Available.
- Social Security: Recommendations of the 1994-1996 Advisory Council on Social Security
- No Description Available.
- Summary of Major Changes in the Social Security Cash Benefits Program: 1935-1996
- No Description Available.