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Warren, Moreno Propose Higher Payroll Taxes to Save Social Security

8/28/2026

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Summary

Story summary

Sen. Elizabeth Warren and Sen. Bernie Moreno proposed raising payroll taxes for higher earners to fund Social Security.
The trust fund must be fixed by end-2032 or it will be empty.
AARP poll shows 34% know benefits will drop, while 36% think payments will stop entirely.
Conservative groups immediately criticized the bipartisan tax plan.
Experts warn cuts could reduce payments by 22%.

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Story summary

Sen. Elizabeth Warren and Sen. Bernie Moreno proposed raising payroll taxes for higher earners to fund Social Security.
The trust fund must be fixed by end-2032 or it will be empty.
AARP poll shows 34% know benefits will drop, while 36% think payments will stop entirely.
Conservative groups immediately criticized the bipartisan tax plan.
Experts warn cuts could reduce payments by 22%.