Democrats Have Retaken Congress, and Lifting the Social Security Tax Cap Is Suddenly on the Table. Here's What the Numbers Say
247wallst.com's article examines the proposals to lift the Social Security payroll tax cap that Democrats' 2026 congressional wins put on the table, explaining that the taxable maximum rises from $176,100 in 2025 to $184,500 in 2026 while executives can finish paying within weeks. It cites the 2026 Trustees Report projecting the combined trust funds will run out in the third quarter of 2034, with President Trump's veto deciding any plan's fate.
