1. New Deficit Plans Calls for Reduction in Social Security
... plan, constructed by Erskine Bowles and Alan Simpson, is a revised draft of the plan proposed earlier this month, that also resulted in great controversy. Changes to the second draft include higher domestic 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 ... 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 calls for an increase in ...
- Word Count: 495
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate