reduce payments for those with wealth or income above certain levels.
Contrary to popular belief, the means test
actually prohibits relatively few debtors from filing for relief under Chapter 7.
Part II points out the flaws in the new statute and argues that the BAPCPA's means test
was a policy mistake.
And the question of whether any modestly paid person is better off in this scheme facing a means test
, or out of it altogether, requires highly individual advice.
The means test
has a substitution effect because it is, in effect, a tax on the marginal consumption of the retired people who face it.
For instance, all secured debt--on such things as house and car payments--is deducted from income under the means test
PSI's program has no set upper-income limit, but there is a means test
David Cameron dismissed calls to means test
for free TV licences, bus passes, prescriptions, eye tests and the winter fuel allowance, saying it would produce "only very, very small savings".
So to cut benefits without imposing a means test
is quite honestly the only way the Government can proceed.
Yet today the Sunday Mirror reveals that his Chancellor is plotting to means test
it as well as slashing vital Cold Weather Payments for the most needy elderly.
Angie McCormack, project development officer for the forum, said England should follow Northern Ireland and get rid of the means test