Mr. President and bipartisan members of legislature please end the added 50% penalty on those taking early SS at an already lower benefit rate but continuing to work and contribute to SS. Without the penalty many more would opt for the early out and lower benefits would be saving money for SS.
Why is this important?
The worst option for helping Social Security is cutting benefits . Raising the individual ceiling and a Robinhood tax are great but an added option is to allow voluntary early outers who accept a lower benefit to do so without an added 50% penalty for continuing to work and continue paying into the system.Ending the penalty would make the option more favored and save SS much money at the lower benefit level..
