Several prominent proposals designed to return the system to long-run fiscal balance would increase the taxable maximum, including the following:
- Altman (2005);
- Ball (2007);
- Diamond and Orszag (2005);
- Liebman, MacGuineas, and Samwick (2005);
- National Commission on Fiscal Responsibility and Reform (2010).
The Retirement Policy Program at the Urban Institute uses the DYNASIM3 computational model to estimate the effects of different Social Security reform designs on different groups of Americans. See our latest estimates here.
See the Following Reports to Learn More:
Cohen, Lee, C. Eugene Steuerle, and Adam Carasso. 2004. “Redistribution under OASDI: How Much and to Whom?” In Strengthening Community: Social Security in a Diverse America, edited by Kathleen Buto, Martha Priddy Patterson, William E. Spriggs, and Maya Rockeymoore. Pp. 103-113. Washington, DC: Brookings Institution Press.
Favreault, Melissa M. and Nadia S. Karamcheva. 2011. “How Would the President’s Fiscal Commission’s Social Security Proposals Affect Future Beneficiaries?” Washington, DC: The Urban Institute.
Smith, Karen, Eric Toder, and Howard Iams. 2004. “Lifetime Distributional Effects of Social Security Retirement Benefits.” Social Security Bulletin 65(1): 33–61.
Altman, Nancy J. 2005. The Battle for Social Security: From FDR’s Vision to Bush’s Gamble. Hoboken: John Wiley and Sons. Summary available at http://www.thebattleforsocialsecurity.com/plan.php.
Ball, Robert M. 2007. “Meeting Social Security’s Long-Range Shortfall: A Golden Opportunity for the New Congress.” http://robertmball.org.
Diamond, Peter A., and Peter R. Orszag. 2004. Saving Social Security: A Balanced Approach. Washington, DC: Brookings Institution Press. Summary available at http://www.brookings.edu/views/papers/orszag/200504security.pdf.
Liebman, Jeffrey, Maya MacGuineas, and Andrew Samwick. 2005. “Nonpartisan Social Security Reform Plan.” http://www.ksg.harvard.edu/jeffreyliebman/ lms_nonpartisan_plan_description.pdf.
Liebman, Jeffrey, and Emmanuel Saez. 2006. “Earnings Responses to Increases in Payroll Taxes.” http://www.ksg.harvard.edu/jeffreyliebman/ liebman_saez_october.15.2006.pdf.
Office of the Chief Actuary, Social Security Administration (OCACT). 2013. Social Security Contribution and Benefit Bases for 2013-2022 for Current Law and Levels Needed to Achieve 85%, 86%, 87%, and 90% Ratios of Effective Taxable Payroll to Covered Earnings Under the Intermediate Assumptions of the 2013 Trustees Report.
Office of the Chief Actuary, Social Security Administration (OCACT). 2013. Provisions that Could Change the Social Security Program. http://www.ssa.gov/OACT/solvency/provisions/index.html
National Commission on Fiscal Responsibility and Reform. 2010. The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform.
Singh, Gopal K., and Mohammad Siahpush. 2006. “Widening Socioeconomic Inequalities in U.S. Life Expectancy.” International Journal of Epidemiology 35: 969–79.
Social Security Administration, Office of Policy. 2008. Annual Statistical Supplement 2009 to the Social Security Bulletin.Washington, DC: Author.
White House. “Seniors and Social Security.” http://www.whitehouse.gov/agenda/seniors_and_social_security/
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Last updated November 2013.