Disability Insurance Trust Fund in Free Fall


by The Heritage Foundation on Jul 27, 2015 | Views: 54 | Score: 0
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The Heritage Foundation
The Heritage Foundation on Jul 27, 2015 10:03 AM said:

In 1994, Congress raised the tax rate for SSDI by about 50 percent. The Social Security Trustees warned that Congress must implement SSDI reforms to ensure the program’s long-run solvency. Yet Congress did nothing, SSDI beneficiaries and costs surged, the Trust Fund rapidly declined, and it is now projected to be insolvent in 2016.