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A new group of senators from both parties will vote on how to save Social Security. Here’s what they’ve said about it
The incoming class could decide whether to preserve benefits, cut the payroll tax cap or raise taxes, as seniors watch closely.
- Newly elected senators arrived at the Capitol in Washington on Monday for orientation meetings of the 120th Congress, which will determine the future of Social Security.
- Unless Congress takes action, the Social Security trust fund faces depletion, forcing benefit cuts for retirees. Trustees warn the program requires reform to remain solvent.
- Senators-Elect Abdul El-Sayed, D-Mich., and James Talarico, D-Texas, have proposed eliminating the payroll tax cap to ensure the program remains funded without cutting benefits.
- Lawmakers remain divided on whether to protect Social Security by taxing high earners or pursuing other fiscal strategies, defining upcoming legislative debates.
- This new class of lawmakers faces a critical window to establish groundwork for long-term program solvency before the trust fund becomes empty.
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19 Articles
19 Articles
New Senators Face 2032 Social Security Deadline as Democrats Push to Raise Payroll Tax Cap on High Earners
Newly elected US senators will confront Social Security's projected 2032 trust fund shortfall, with proposals ranging from lifting the payroll tax cap to changing benefits.
·New York, United States
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Total News Sources19
Leaning Left1Leaning Right0Center16Last UpdatedBias Distribution94% Center
Bias Distribution
- 94% of the sources are Center
94% Center
C 94%
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