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President Reagan raised the minimum retirement age and increased payroll taxes

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9y ago
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1y ago

President Ronald Reagan's solution to the rising costs of Social Security was to enact a series of reforms in 1983. These reforms included gradually increasing the retirement age, expanding the base of workers subject to Social Security taxes, and implementing a system of cost-of-living adjustments tied to inflation. The goal was to ensure the long-term financial stability of the Social Security program.

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Q: What was President Ronald Reagan's solution to rising costs of Social Srcurity?
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