2023-12-012023-12-012005-07-08https://hdl.handle.net/20.500.14300/1452The Special Investigations Division of the House Committee on Oversight and Government Reform examines President Bush's Social Security plan's impact on working families in Maryland's 7th Congressional District, finding significant benefit cuts for the majority of wage earners. Over 180,000 workers would face cuts, with average reductions of $2,375 per year for those aged 35-55 and $4,620 per year for younger earners. Total benefits could decrease by over $14 billion for current wage earners, with over 73% of the cut affecting middle-class workers earning $30,000 to $90,000 annually. The plan's impact on widows and surviving children remains uncertain, potentially affecting a large number of survivors. The report does not estimate the impact of potential benefit reductions from the proposed private accounts.11 pagesenStaff ReportsHouse Minority Staff Report13: Social Welfare1300: Generalhttps://www.webharvest.gov/congress109th/20061120183558/http://www.house.gov/cummings/press/05jul08a.htm109No