Federal spending mandated by our major entitlement programs (Social Security, Medicare, Medicaid) today comprises the majority of the federal budget and will bankrupt the United States absent imminent structural reforms.
Not only do these entitlement programs drain federal spending dollars, but they don’t do a particularly good job of delivering promised services and benefits. Social Security provides a shameful rate of return for most recipients, especially when compared with private sector alternatives. And seniors and the poor are finding it increasingly difficult to find a doctor who will accept Medicare or Medicaid patients.
IPI has proposed specific, concrete solutions that would not only make these programs solvent and sustainable, but also deliver superior benefits. Entitlements should not be reformed solely for the benefit of the federal government, but also for the benefit of taxpayers and recipients.
The Other Progressive Income Tax and How It Robs Seniors
It’s unlikely a spend-happy Congress will eliminate the benefits tax anytime soon, even if it does rob seniors of some of the benefits they deserve. Indeed, the bigger threat is Congress making it worse.
Takeaways from Giveaways
Democrats hope that their massive federal spending spree would buy them votes. But it looks like all they're buying is voter anger.
Buying Votes Was Never so Expensive
Vote buying used to be limited, secret and with a politician's own money; today it's massive and cheered, and it's done with taxpayer and employer money.
Does Anyone Really Know the Number of COVID-19 Deaths?
We know COVID-19 can be deadly, but determining how deadly isn't easy—even though trillions of taxpayers dollars depend on getting it right.
What Comes AFTER a Payroll Tax Cut?
Maybe it’s time for policymakers to start focusing on real structural reforms that result in long-term prosperity, instead of constantly relying on short-term fixes.
An Easy Way to Reduce Wealth Inequality--But Democrats Won't Like It
Allowing workers to keep their Social Security payroll tax would be a huge tax cut for everyone, while dramatically increasing average workers’ wealth over time.
Got A College Debt Problem? Social Security Could Solve It.
Young Americans owe the federal government, which also owes them. And neither can easily meet their obligations. Sounds like the makings of a deal to me.
Don't Cut the Payroll Tax, Unless...
A temporary cut in payroll taxes creates a unique opportunity to implement one of our favorite pro-growth policy ideas—personal retirement accounts.
Don't Let Budget Talks Threaten Medicare Part D
Overhauling Medicare’s Part D drug benefit would be a colossal — and costly — mistake.
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