Objective. 1  Closely read and reread a nonfiction text, and analyze the author's main points. 2  Explain how the author uses evidence and reasons to support his major ideas in the text.
In United States tax law, the windfall elimination provision is a regulation that aims to prevent retirees from receiving more Social Security benefits than they are entitled to, based on their payments into the Social Security system during their working years.
DEFINITION of 'Windfall Tax'. A tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. Windfall taxes are primarily levied on the companies in the targeted industry that have benefited the most from the economic windfall, most often commodity-based businesses.