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06-10-26 Part Two - The Seven Year Ache

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151 views1likes36:03CumulusNewsTalkOriginal Release: 2026-06-10

The Social Security trust fund is projected to be exhausted by late 2032, meaning the program will only be able to pay benefits equal to incoming payroll tax revenue. Reform proposals include raising employer payroll taxes incrementally, lifting the contribution cap, and implementing means-tested benefits for high earners. These changes face significant political challenges due to the elderly voting bloc and potential impacts on hiring, making comprehensive reform difficult to achieve.

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