The rising costs of Social Security have been covered by:
A)increases in the maximum earnings base and the rate at which that base is taxed.
B)reduction in Social Security benefits by providing market-driven options.
C)progressive reduction in the coverage.
D)welfare grants and annual supplements from Congress.

Question

Quizplus · Accepted Answer

The rising costs of Social Security have been covered by increases in the maximum earnings base and the rate at which that base is taxed. This strategy helps to ensure that the program remains stable and that beneficiaries receive the benefits they expect. Reducing benefits or coverage would likely be counterproductive and could cause hardship for those who rely on Social Security as a primary source of income. Additionally, relying on welfare grants and supplements from Congress would make the program more vulnerable to political pressure and uncertain funding.

The Rising Costs of Social Security Have Been Covered By