Why a Social Security Tax Hike Could Be “Financially Impossible” for Many Workers
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Why a Social Security Tax Hike Could Be “Financially Impossible” for Many Workers

Social Security faces a growing funding gap, but fixing it through a major payroll tax increase could create another financial problem for millions of workers. An economist at the Cato Institute says raising the payroll tax enough to fully cover future benefits could add thousands of dollars in annual costs for a typical worker and […]

By Ami Ciccone · October 13, 2026
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