Social Security Cap: Saving Billions, Targeting Millionaires
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Social Securitys Big Payouts: A Proposal to Cap Benefits - A podcast episode discusses the proposal to cap Social Security benefits for couples at $100,000 and for singles at $50,000, targeting those who maxed out taxable earnings for at least 35 years. This move aims to save between $100 billion and $190 billion over ten years, potentially avoiding a 24% cut for everyone. The proposal is met with mixed reactions, with some arguing its a slippery slope to wider cuts, while others see it as a way to keep the program afloat and prevent cuts from affecting regular folks.
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