Republicans Now Back Tax Fixes for Social Security | Philadelphia News

Social Security is on the brink, projected to run dry in six years—with a 22% benefit cut looming if nothing changes. While Republicans traditionally favor spending cuts, the shortfall is too massive, forcing some to consider raising taxes. Proposals like Senator Bernie Moreno’s plan to lift the payroll tax cap and Representative Tom Cole’s openness to higher rates signal a rare shift. Experts warn that decades-old fixes won’t work now; a multi-pronged solution—combining tax hikes and benefit tweaks—is essential. With baby boomers retiring en masse and the system already paying out more than it takes in, action is urgent. Past bipartisan deals saved the program, but this time, the math demands bold, swift moves before the trust fund collapses. 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/3ea22dba61b83f0c