Social Security Fairness Act Quiz

What is the current status of the Social Security Fairness Act as mentioned in the video?

• It has reached President Biden's desk but is not yet signed.

• It is still under discussion in the Senate.

• It has been rejected by the Senate.

• It has been signed into law by President Biden.

What are the two provisions that the Social Security Fairness Act aims to repeal?

• Public Servant Benefit Reduction and Pension Tax Act

• Social Security Solvency and Fairness Act

• Social Security Tax Increase and Pension Reduction Act

• Windfall Elimination Provision and Government Pension Offset

Who are primarily affected by the current provisions that the Social Security Fairness Act seeks to change?

• Private sector workers

• Public servants like teachers and firefighters

• Corporate employees

• Retired military personnel

What is a major concern of the critics regarding the Social Security Fairness Act?

• It will increase taxes for all citizens.

• It will unfairly benefit corporate employees.

• It will reduce benefits for current Social Security beneficiaries.

• It will cost $200 billion over 10 years and affect Social Security's solvency.

What is the potential outcome if President Biden does not sign the Social Security Fairness Act?

• The bill will be permanently shelved.

• The bill will be sent back to the Senate for revision.

• The bill will need to go through the next Congress.

• The bill will automatically become law.