The Social Security Mirage: Why Uncapping Payroll Taxes Won’t Solve the Insolvency Crisis
As the Social Security trust funds inch toward a historic fiscal cliff, policymakers are scrambling to identify a path toward long-term solvency. In a recent op-ed for The New York Times, Senators Bernie Moreno (R-OH) and Elizabeth Warren (D-MA) proposed a high-profile solution: "saving" Social Security by lifting the cap on earnings subject to the…
