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Lawmakers Propose Payroll Tax Changes to Secure Social Security Funding

KTSM••Rob Taub
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As Social Security confronts a significant funding deficit, some legislators are advocating for an increase or complete removal of the payroll tax cap. This proposed change aims to ensure the program's sustainability and prevent potential cuts to benefits for current and future retirees. The urgency of this issue highlights the need for financial reforms to secure Social Security's future. Residents are encouraged to stay informed about these developments, as they could impact their retirement benefits.

legislation funding tax social-security benefits

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