POLITICSOHIO CAPITAL JOURNAL
Advocates laud Moreno-Warren Social Security propoal
U.S. Senators Bernie Moreno of Ohio and Elizabeth Warren of Massachusetts proposed a bipartisan solution to address Social Security's insolvency, including lifting the payroll tax cap to ensure fairness. The proposal aims to prevent a 2032 insolvency that would reduce average Ohio beneficiaries' monthly payments by $487.
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- Social Security faces insolvency in 2032, when it would pay only 78% of benefits
- Social Security’s insolvency is No. 1 issue, says Sen. Bill Cassidy
- ‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983
- A bipartisan summit is the best way to address debt, make Social Security solvent