Social Security Fairness Act Overview

What is the current status of the Social Security Fairness Act?

• It was rejected by the Senate.

• It is awaiting President Biden's signature.

• It has been signed into law by President Biden.

• It has been vetoed by President Biden.

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

• Social Security Solvency Act and Pension Fairness Act

• Public Servant Benefit Reduction and Pension Tax

• Social Security Tax Increase and Medicare Reduction

• Windfall Elimination Provision and Government Pension Offset

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

• Retired military personnel

• Private sector workers

• Public servants like teachers and firefighters

• Corporate employees

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

• It will cost $200 billion over 10 years and affect long-term solvency.

• It will unfairly benefit corporate executives.

• It will reduce benefits for current Social Security recipients.

• It will increase taxes for all citizens.

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

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

• The bill will be permanently shelved.

• The bill will automatically become law.

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