Social Security Reform Act of 1983

Social Security Reform Act of 1983

Legislation in the United States that improved the short- and medium-term solvency of the Social Security Administration. The act raised taxes in order to pay for benefits. It also separated Social Security from the general federal budget.
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The precedent for income-related financing of social insurance programs had been set previously - for example, in the Social Security Reform Act of 1983 - without any great political fallout.
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