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Republicans Debate Tax Fixes for Social Security | US News
Some Republicans are breaking ranks to discuss raising taxes for Social Security, signaling a major shift as the program faces imminent funding collapse—projected to run out by late 2032, risking payouts of just 78% of promised benefits. With partisan divides hardening, lawmakers like Tom Cole are now open to increasing payroll taxes and eliminating the income cap, arguing that letting the system fail would be far worse than tax hikes. While anti-tax groups resist, others propose layered solutions including raising the retirement age or adjusting benefits, as urgency mounts and bipartisan…
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