
New Tax Law Impact: Social Security, Debt, and Overtime
A new tax law impacts Social Security solvency, adds trillions to the national debt, and changes overtime deductions. It affects various income levels and social programs.
A new tax law impacts Social Security solvency, adds trillions to the national debt, and changes overtime deductions. It affects various income levels and social programs.
“While the administration may be trumpeting this rule as a good thing for workers, that is a ruse,” Heidi Shierholz, president of the Economic Policy Institute, a think tank partly funded by labor unions, wrote in a statement issued the same day.