How Should We Keep Social Security Solvent?
Social Security's trust funds are projected to run short within about a decade, which would trigger automatic benefit cuts unless Congress acts. Options include raising the payroll tax cap, changing the retirement age, adjusting benefits, or a mix. Where do you stand?
Where do you stand?
The case for
Supporters of shoring up revenue — like lifting the cap on wages subject to the payroll tax — say benefits shouldn't be cut for retirees who paid in their whole careers, and that higher earners can afford to contribute more.
The case against
Others argue demographics make tax increases alone unsustainable and favor gradually raising the retirement age or slowing benefit growth, warning that revenue-only fixes don't solve the long-term shortfall.
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Where do you stand?
Your message will carry your position — My Democracy doesn’t take a side.
The case for
Supporters of shoring up revenue — like lifting the cap on wages subject to the payroll tax — say benefits shouldn't be cut for retirees who paid in their whole careers, and that higher earners can afford to contribute more.
The case against
Others argue demographics make tax increases alone unsustainable and favor gradually raising the retirement age or slowing benefit growth, warning that revenue-only fixes don't solve the long-term shortfall.