Plan to tax social security draws opposition quickly
A presidential commission Thursday recommended enrolling all American workers in a universal employer-financed pension system to supplement social security and raising th age for receiving normal social-security benefits from 65 to 68. The President's Commission on Pension Policy also recommended making social-security income taxable.
Opposition surfaced quickly to the commission's final report to a House Aging Committee hearing -- both to the new age standard and the taxing proposal. The commission proposed immediate vesting of benefits -- a guarantee that a worker will receive some ret irement income -- that would be carried from job to job.