Social Security Center

TSCPA advocates that a solution must be found to the looming Social Security crisis, and the sooner the better. Action is needed now to assure the continued fiscal health of the program and to avoid passing a massive financial burden on to future generations.

There is plenty of room for debate about what the right solution is to this growing problem. But there can be no doubt that Social Security is in need of major repair and those who argue otherwise ignore the “reality of the numbers.”

TSCPA will use this online center to provide members with updated information about Social Security and the reform measures being discussed by public policy makers and other organizations.

TSCPA

• TSCPA Executive Board Passes Resolution to Encourage Social Security Reform. Read the Resolution (.PDF) Aug. 28, 2004
• Briefing Paper (.PDF)
• News Release – Oct. 19, 2004

News

• CPAs - An Educated Voice on Social Security Reform
• Social Security Reform Low on Business Owners' Priorities
• AICPA Report - Understanding Social Security: The Issues and Alternatives Updated March 2005 (.PDF) The issues surrounding Social Security reform are complex. Americans and lawmakers are being asked to consider a host of changes including private investment accounts, reduced future benefits and increased payroll taxes. This report is intended to foster informed discussion by providing unbiased facts and analysis of the issues.

Online Resources

• Background on Social Security
• Social Security Administration Social Security’s Future – FAQs
• Congressional Budget Office Testimony on the Future of Social Security before the Special Committee on Aging, U.S. Senate – Feb. 3, 2005 Read the Testimony (.PDF)
• Updated Long-Term Projections for Social Security – January 2005. View the Projections (.PDF)
• AFL-CIO Social Security Resources - Liberal Union Organization
• American Association of Retired Persons (AARP)
• The Brookings Institution
• Cato Institute: Project on Social Security Choice
• Concord Coalition: Entitlement Reform
• The Heritage Foundation
• Strengthening Social Security – The White House

Across the Nation

• President Bush’s State of the Union Address Promotes Social Security Reform – Feb. 2, 2005. Read the transcript.
• Democratic Response to State of the Union Address – Feb. 2, 2005