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The government should simplify the recovery of money withheld each year and reduce the need for older individuals who do not owe income tax to file tax returns.
The IRS should continue encouraging taxpayers to file electronically but maintain the option of paper filing without penalty.
Enforcement measures should be applied equitably across income classes and types of taxpayers.
The IRS should increase its audit rate and raise penalties for noncompliance.
The Old-Age, Survivors, and Disability Insurance Trust Funds should maintain a minimum reserve of one and a half to two years as a cushion against an economic downturn.
AARP supports retaining wage indexing of both the Average Indexed Monthly Earnings and the bend points used in the formula for the Primary Insurance Amount.
If changes are made to Social Security that extend the life of the trust funds, Congress could authorize the investment of a portion of the Social Security reserves in investments
The receipt of Social Security benefits should continue to be based on earnings from work covered by Social Security.
Automatic cost-of-living adjustments (COLAs) for Social Security benefits should continue.
Any further increases to the full retirement age should be conditioned on adequate protections for those who have difficulty postponing retirement.
The age of eligibility for early retirement benefits should be raised only if provisions are made to ensure that people who cannot work past age 62 are protected.