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Americans would pay higher taxes to save Social Security

  • The Social Security trust fund is projected to run out of money in 2035, which will lead to automatic benefit cuts unless Congress acts by raising taxes or cutting benefits.
  • A survey by the National Academy of Social Insurance shows that 85% of Americans support raising taxes to preserve benefits, with significant support across political parties and demographics.
  • Sixty-Eight percent of respondents favor eliminating the taxable earnings cap, and 57% support raising the payroll tax to maintain funding for Social Security.
  • Americans view their Social Security payments as contributions that provide future benefits, indicating strong support for preserving the program without cuts.
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Bias Distribution

  • 88% of the sources are Center
88% Center
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The Billings Gazette broke the news in Billings, United States on Monday, February 17, 2025.
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