OPINION:
When the historically high consumer price index adjustment to Social Security payments is announced in October, the hand-wringing over the future of Social Security will once again be front and center. I offer a suggestion: All income taxes collected on Social Security benefits — and they are substantial — should be allocated directly back to Social Security instead of being dumped into the general fund to be spent on whatever. This wouldn’t solve the problem entirely, of course, but it would prove very helpful.
NEIL GAFFNEY
Chicago
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