Someone's been
smoking the wacky tabacky.
The new proposal is called the Retirement and Income Security Enhancements Act, or RAISE Act, and it would increase benefits specifically for groups who have seen their retirement security eroded by recent economic trends such as the transition to two-earner families, stagnating wages, declining savings, and the erosion of pensions. It would increase benefits for many divorced spouses, and widows and widowers, and would extend benefit eligibility for some children of retired, disabled or deceased workers – to be paid for by a two-percent payroll tax on earnings over $400,000, which is also designed to shore up the program’s long-term finances.
