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Warren, Moreno Seek End to $184.5K Cap, Boost Social Security

7/2/2026

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Summary

Story summary

Senators Elizabeth Warren (D-MA) and Bernie Moreno (R-OH) aim to end the $184,500 payroll cap.
Trustees say the Social Security fund could be exhausted by 2032, or 2034 combined.
The Peterson Institute says removing the cap would add $3.4 trillion in ten years, closing most of the gap.
Senator Jon Husted (R-Ohio) called it a “giant tax increase,” while Luke Warren launched a campaign to inform voters.

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Story summary

Senators Elizabeth Warren (D-MA) and Bernie Moreno (R-OH) aim to end the $184,500 payroll cap.
Trustees say the Social Security fund could be exhausted by 2032, or 2034 combined.
The Peterson Institute says removing the cap would add $3.4 trillion in ten years, closing most of the gap.
Senator Jon Husted (R-Ohio) called it a “giant tax increase,” while Luke Warren launched a campaign to inform voters.