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- Report
Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted in 2029. In that case, benefits in 2030 would need to be reduced by 29 percent from the scheduled amounts.
- Report
The House Ways and Means Subcommittee on Social Security convened a hearing at which CBO’s Director testified on financial shortfalls projected for Social Security. This document provides CBO’s answers to questions submitted for the record.
- Report
CBO periodically issues a volume of options—this year’s installment presents 115—that would decrease federal spending or increase federal revenues over the next decade. The report is available both as a PDF and in a searchable format.
- Cost Estimate
Direct spending and revenue effects for H.R. 34
- Presentation
Presentation by Julie Topoleski, Chief of the Long-Term Analysis Unit in CBO’s Health, Retirement, and Long-Term Analysis Division, to the Social Security Advisory Board.
- Cost Estimate
As reported by the Senate Committee on Finance on November 16, 2016
- Report
The House Ways and Means Subcommittee on Social Security convened a hearing at which CBO’s Director testified on financial shortfalls projected for Social Security. This document provides CBO’s answers to questions submitted for the record.
- Report
Canceling scheduled changes to overtime regulations before enactment would lower employers’ payroll and compliance costs and increase profits. The cancellation would also lower employees’ pay but increase real family income, CBO finds.
- Cost Estimate
As passed by the House of Representatives on September 26, 2016
- Report
Both CBO and the Social Security Trustees project a shortfall in Social Security finances but they differ in their assessment of its magnitude. This testimony describes that difference and the major factors that contribute to it.