Policy Options That Raise Revenues

• Cover uncovered workers (newly hired state and local employees)
  
• Lift the cap on the amount of earnings that are taxable
  
• Raise the payroll tax rate
  
• Change the income tax treatment of Social Security benefits
  
• Raise other taxes (for example, allocate the estate tax to Social Security)
• Treat employee payments to salary reduction plans (“flexible spending accounts”) like payments to retirement accounts

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