Nonprofit: Reform Social Security to Avoid 34% Tax Hike, Insolvency by 2032
A nonprofit memo warns policymakers must restore Social Security to its original intent to prevent a 34% payroll tax increase and program insolvency amid mounting national debt.
A nonprofit memo cautions that returning Social Security to its original design is necessary to avoid a 34% tax hike and insolvency by 2032. The group says urgent reform is vital given the nation’s growing debt burden.