Last week, the President announced a Payroll Tax “holiday” to start on 9/1 and last until the end of 2020 with the goal of eliminating the 6.2% tax permanently.

This has caused concern with many retirees who rely on Social Security for a significant portion of their income.

In today’s workshop, we’ll discuss what exactly the President said, the current costs of Social Security and Medicare, and the current revenue being generated to pay for these programs.