Welcome to The Times in Plain English   Click to listen highlighted text! Welcome to The Times in Plain English

Fewer Immigrants Reduce Federal Revenue

May 16, 2011
Plain English Version

The federal government said the Medicare trust fund is lower than expected. Medicare will be out of money in 2024. This is five years earlier than projected last year. The government said the reason is payroll tax revenues were lower because of the weak economy.

The gap between funds for Social Security and its cost is growing. The reason is people are living longer.

The report said the number of immigrants is also lower. This affects the funds because immigrants are younger. Taxes paid by immigrants help pay for Social Security benefits for retirees.

Democrats and Republicans are using this information to support their arguments for reform of the programs. Democrats say the new health care law will lower the cost of Medicare. Republicans say their voucher plan will reduce Medicare spending.

The New York Times

 

Print Friendly

Features

Eat Like You are Going in For Surgery

Prepare yourself for surgery. These are the same kind of things you can do to be healthy the year round....

Black People and the ‘Vegan Way’

Going vegan (becoming a vegetarian) is not news. That many black people are vegans is not news. But putting a...

Salt and High Blood Pressure are Partners

More Americans than ever have high blood pressure.

The link between salt (sodium) and hypertension (high...

Blood Pressure: Do You Need It?

Yes, you do. If you do not have blood pressure, it means you are dead. So we all need blood...

Archives

Dictionary
  • dictionary
  • English Dictionary

Double click on any word on the page or type a word:

Powered by dictionarist.com
Click to listen highlighted text!