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Social Security / Increase #236902

CBS Evening News for Friday, Jan 03, 1975
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(Studio) Social Security administration may be in trouble, due to fewer births and more elderly.
REPORTER: Roger Mudd

(DC) Subcommittee of Social Security advisory council proposes wage base be raised from $14,100 to $24,000 starting January 1, 1976. High income wage earners would pay 70% more than now if approved. Shrinking work force will be supporting larger number elderly. After council and Department of Health, Education and Welfare secretary ok, plan to go on to Congress Representative Ullman agrees increase necessary but against $24,000. Ullman and council oppose hike in Social Security tax rate.
REPORTER: Lesley Stahl

Mudd, Roger;
Stahl, Lesley

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