Description: On May 16th, the Social Security Boards of Trustees sent to the Congress the three annual reports OASDI, HI, and SMI. These reports present cost projections similar to those provided to the Congress last year at the time of enactment of the 1977 Amendments.

Description: This is a brief summary of a Brooking Institution study entitled 'The Payroll Tax for Social Security. The study argues that the payroll tax should be eliminated as a source of financing of Social Security on the grounds that it is regressive and is especially burdensome to the poor.

Description: In this year’s Trustees’ Reports, recently submitted to the Congress, most attention focuses on the cash benefits program which is projected to have an actuarial deficit of about 3% of taxable payroll, over the 75-year valuation period.

Description: This article summarizes the Social Security changes that were signed into law P.L. 93-233 on Dec. 31, 1973. These changes were principally intended to advance the payment of part of the automatic benefit increase that would have been payable according to the provisions enacted in 1972.

Description: This article discusses the Social Security changes that were passed by Congress on June 30, 1973, as a rider to H.R. 7445 [a Bill extending the Renegotiation Act] and were signed into law [P.L. 93-66] by President Nixon on July 9, 1973.