About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

HRD-79-108 1 (1979-08-30)

handle is hein.gao/gaobaazsn0001 and id is 1 raw text is: / /Sw -A- BY THE COMPTROLLER GENERAL -l ull OF THE UNITED STATES Socikal gcii Student Benefits For Postsecondary Students Should Be Discontinued Nine out of ten American workers pay Social Security taxes in the expectation that Social Security will provide some minimum family income in the event of the taxpayer's retirement disability, or death That is Social Security's basic purpose A marginal program, student benefits, diverts tax money from that basic purpose During the 1977 78 school year, it diverted S1 5 bii ion and is expected to divert $2 2 billion in 1979-80 It gives many students more money than their school costs warrant, in- equitably curtails or bars altogether- benefits to other students, deprives nonstudents, and contributes to other Federal aid programs paying unneeded benefits This is going on while, even after imposition of increased taxes upon Social Security contributors, there is doubt the system can fulfill its basic purpose without still further increases The Office of Education is willing to pro- vide, more equitably, aid to most postsec- ondary students now receiving payments from Social Security Were student benefits to postsecondary students to be terminated effective fall 1980, the estimated net frst- year savings to the Social Security taxpayers would be S1 4 billion, and,the net savings to all taxpayers in that year would be about Si 1 billion 1CCOU % 110 7o Cn t- qT k S A I I 'I I 110470 HRD 79 108 AUGUST 30, 1979

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most