1 Day
Source:
The Fiscal Times
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Lawmakers explore ways to prevent Social Security cuts
Lawmakers are exploring measures to prevent a projected 22% reduction in Social Security benefits within six years. Efforts include a bipartisan bill that sets up a process for Congress to develop legislation ensuring at least 50 years of program solvency, though support remains limited. Other proposals involve creating a high-risk investment fund, lifting the payroll tax cap for high earners, and expanding benefits for wealthier individuals, with debates ongoing about the best approach to address Social Security's long-term financial stability.
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