FlashFeed
๐Ÿ›๏ธ
Social Security plan: higher taxes on the wealthy with no extra benefits for them
๐Ÿ›๏ธ Politics

Social Security plan: higher taxes on the wealthy with no extra benefits for them

One proposal to shore up Social Security's finances would eliminate the tax cap, requiring wealthy Americans to pay more into the system without receiving higher benefits in return. This is among several options being considered to prevent the fund's long-term insolvency. No specific legislation has been passed or formally proposed.

Comments

No comments yet