PROMISE Act Forces Social Security Fix | Huntsville News

A new bill, the PROMISE Act, is forcing Congress to act on Social Security before catastrophic cuts hit in seven years — not by offering solutions, but by demanding the Advisory Board craft a 50-year funding plan. For 16 years, the program has paid out more than it takes in, draining trust funds that, once empty, will trigger unavoidable benefit cuts. Meanwhile, Senators Warren and Moreno propose raising the income cap for Social Security taxes — currently $184,500 — arguing it’s unfair that a nurse pays a higher percentage than a wealthy lawyer. With 70 million Americans relying on Social Security, this is the latest push to prevent collapse before it’s too late. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/821bb45876cb3e64