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Democrats Have Retaken Congress, and Lifting the Social Security Tax Cap Is Suddenly on the Table. Here's What the Numbers Say
Democrats may push to tax more high earners as trustees project the retirement trust fund could cover only 78% of scheduled benefits after 2032.
Summary by 24/7 Wall St.
4 Articles
4 Articles
Democrats Have Retaken Congress, and Lifting the Social Security Tax Cap Is Suddenly on the Table. Here's What the Numbers Say
An executive can finish paying Social Security tax within weeks of New Year's Day while a nurse pays on every paycheck. With Democrats now holding Congress, a fix is in play, but one big limit could blunt its impact on the richest Americans.
Social Security Update: Democrat Ideas for Major Changes After Midterm Win
Democrats Have Retaken Congress, and Lifting the Social Security Tax Cap Is Suddenly on the Table. Here’s What the Numbers Say
The post Democrats Have Retaken Congress, and Lifting the Social Security Tax Cap Is Suddenly on the Table. Here’s What the Numbers Say appeared first on 24/7 Wall St.. Democrats won control of both the House and the Senate in Tuesday’s midterm elections, according to results reported Wednesday by…
Coverage Details
Total News Sources4
Leaning Left0Leaning Right0Center3Last Updated100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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