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Proposal aims to avert up to $500 monthly Social Security cuts

A plan has been introduced to address a projected Social Security shortfall that could cut benefits by about $500 a month in seven years.

Published Aug 3, 2026, 8:00 AM EDT | LehighValleyLive

There’s a new proposal designed to tackle the looming Social Security shortfall that could lead to benefit cuts of as much as $500 a month in just seven years.