Congress's 1983 Bipartisan Reforms to Social Security

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In 1983, a bipartisan coalition in the U.S. Congress enacted reforms to address a Social Security fiscal crisis that mirrored current challenges. The program, originally established in 1935 as a contributory system funded by earmarked payroll taxes, had transitioned to a pay-as-you-go model by the 1950s. This shift occurred as policymakers expanded coverage…

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