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Trustees Report Shows Different View Of SS And Medicare

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A spokesperson for a group working to preserve Social Security and Medicare says a recent Trustees report is good news for recipients. He says it also dispels some of the common myths in the media about the program.

Max Richtman is CEO of the National Committee To Preserve Social Security and Medicare says the Trustees Reports for Social Security and Medicare provided some insights. Social Security is fully funded until 2034, after that, the program will pay 79 percent of benefits. But Richtman says bill are in Congress...

"....reinstituting a payroll tax on those folks with income and wages above $400,000 a year.....

Richtman says right now it's capped at $118,000 a year. He says that move would generate the extra funds to extend Social Security with full benefits another quarter of a decade.

Richtman says the addition of the Affordable Care Act has helped stabilize Medicare, with the program able to pay full benefits to 2030.

He says media reports about the impending demise of both programs are false. More information is at the website www.ncpssm.org

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