1. New Deficit Plans Calls for Reduction in Social Security
... cuts than the original version, as well as a decrease in the health care savings from overhauling the medical malpractice system. Unlike the original proposal, the revised version does not call for a cap on medical malpractice awards, but instead recommends a change in how awards are made (Andrew and Kuhnhenn). The proposals that did not change from the original draft include ... increase in the Social Security retirement age to 68 by 2050 and 69 by 2075. The cost-of-living for the programs will decrease, and the cap on income subject to Social security taxes will increase. The plan also...
- Word Count: 495
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate