Read the CBO report:

http://www.cbo.gov/ftpdocs/104xx/doc...ity_Update.pdf

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You are mistaken about whether you're receiving SS benefits?


You can get Social Security retirement or survivors benefits and work at the same time. But, if you are younger than full retirement age and earn more than certain amounts, your benefits will be reduced. It is important to note, though, that these benefit reductions are not truly lost. Your benefit will be increased at your full retirement age to account for benefits withheld due to earlier earnings. (Spouses and survivors who receive benefits because they have minor or disabled children in their care do not receive increased benefits at full retirement age if benefits were withheld because of work.)

http://www.socialsecurity.gov/pubs/10069.html

If you not full retirement age (65 or older) your benefit may be temporarily reduced because of earned income, until you reach full retirement age.

If you are not collecting SS benefits, its because you haven't reached retirement age and aren't entitled to them.

Not because your income is too high.

Nope, nothing about CBO proposing a 25% cut.

Is this really CBO proposal, or did you just make it up?