Before changing the COLA formula which was already changed during the Reagan administration to give Social Security recipients an even less COLA, after all we had two recent years with no COLA, this Administration needs to first consider ending a cap on income that is subject to social security taxes before decreasing the COLA formula for Senior Citizens! The present limit is about $107,000; this limit should be uncapped and allow all income to be subject to social security taxation before denying Seniors less of a COLA in these tough times for Seniors!
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