Have the Republicans in Congress painted themselves into a corner on taxes? They seem to be in the position of choosing between a number of courses of action, most of which would normally be seen as going against their principles.
If politicians want to completely restore Social Security to long-range balance, they should consider scrapping the cap entirely. That is what, poll after poll reports, the American people overwhelmingly favor.
As the U.S. Congress frantically debates an eleventh hour resolution to an artificial crisis of epic proportions, the real crisis in the labor market goes tragically ignored -- and it is about to be amplified by bad policy choices.
Did you know that millionaires and billionaires only make payroll tax contributions on earnings of $106,800? If you didn't, it could be because you are among the 94% of American earners who make less than that amount.
Professor Martin Feldstein makes it sound as if Social Security is doomed to failure by demographic changes. But that's far from the case. Modest changes would assure Social Security's future -- without trimming benefits.