Rethinking the Benefit Math

President Bush supports a method of calculating Social Security benefits called progressive indexing. This method would leave benefits untouched for low-wage earners but would phase in cuts for people earning $25,000 or more. Those earning the taxable maximum of $90,000 would experience the steepest cuts. The plan would not affect people who are currently 55 or older.

Rethinking the Benefit Math

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