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The summary of the trustees' reports puts it this way: If lawmakers take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare.
Taking action sooner rather than later will permit consideration of a broader range of solutions and provide more time to phase in changes so that the public has adequate time to prepare".
Each time, administration officials said they were acting under authority that gives federal officials the power to phase in changes to tax law.
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His thinking, almost certainly correct, is that the political fallout will be relatively slight and would have been greater had he tried to phase in the changes or offer transitional relief.
The company will phase in the changes starting in November. .
The law took effect in 2004, giving hospitals five years to phase in the changes.
He writes: "Even if we reform Social Security, which we should, any plausible plan would phase in benefit changes to avoid harming current beneficiaries".
"The law requires the city to phase in a change in assessment over a five-year period," Mr. Steinberg said.
The banks have asked regulators to phase in that change over several years, to slow the impact on their capital needs.
Because millions of families counted on the deduction when buying their homes, most proposals include provisions to phase in any change over a number of years.
And Congress, in most previous cases, has not overturned legislation that phases in changes — like the 2018 start date for the high-cost insurance tax.
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