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(5) the retirement age shouldn't increase further;
(6) benefits shouldn't be cut, including by reducing annual inflation-adjusted increases; and
(7) benefits "should be increased for those who are most disadvantaged."
In short, Social Security (Medicare and Medicaid) should be strengthened to provide greater, not lower, future benefits.
Obama's Destructive Payroll Tax Holiday
The proposed 2% worker earnings cut for one year is a stealth indefinite extension scheme to drain hundreds of billions from the Social Security Trust Fund. Doing so will irreparably weaken its ability to pay future benefits, the idea being to destroy the program altogether, perhaps first by privatizing it.
Social Security Works explained how the tax holiday "could unravel" the whole system as follows:
(1) "It's easy to enact tax cuts - it's very hard to end them."
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