U.S. Sens. Elizabeth Warren (D-Mass.) and Bernie Moreno (R-Ohio) are calling on Congress to shore up Social Security by lifting the cap on wages subject to payroll taxes.

The proposal comes as policymakers and financial professionals warn of looming funding shortfalls and widespread confusion among retirees about how the program works.

In an essay published Tuesday by The New York Times, Warren and Moreno urged Congress to eliminate the Social Security payroll tax cap, currently set at $184,500 for 2026.

Under current law, workers and employers each pay 6.2% in payroll taxes only details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com