Social Security's coffers are so low even Republicans are talking about raising taxes — even if they 'get smeared' in future elections
Moneywise reports that Social Security's trust fund is projected to run dry in 2032, with trustees saying benefits would then face a 22% cut, prompting even Republicans like Rep. Tom Cole to say they are willing to consider raising taxes. Bipartisan Sens. Elizabeth Warren and Bernie Moreno have proposed lifting the payroll tax cap on wages above $184,500, though Grover Norquist warns Republicans will "get smeared" for backing a tax hike.
