Taxing High Earners to Help Fund Social Security Gains Bipartisan Attention — What It Could Mean for Benefits

The third rail isn't what it used to be. As the Social Security fund's insolvency nears, more lawmakers are open to tax hikes—even Republicans

“I’m willing to look at the tax rate. I am willing to raise the amount of income through tax.”

Taxing high earners to help fund Social Security gains bipartisan attention — what it could mean for benefits

With Social Security due to reach a funding shortfall in six years, more lawmakers are opening up to the idea of taxing high earners to help fund the program.

As the Social Security insolvency nears, more lawmakers are open to tax hikes—even Republicans

Congress has put off making tough choices on Social Security for years, but the bill is coming due soon, and it’s looking like taxpayers will pick up the tab. That’s because a small but growing group of lawmakers has signaled openness to shoring up Social Security’s finances by raising more revenue via taxes. The group […]