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Congress Faces Social Security Cuts Threat to 60M Americans

By Drooid · Oct 12, 2026, 11:14 PM UTC · How we work

Summary

Story summary

U.S. Congress risks letting Social Security cuts affect over 60 million Americans.
The Social Security retirement trust fund is projected to run dry within six years.
Incoming revenue would cover only 78 percent of benefits, cutting paychecks by 22 percent.
Lawmakers are debating tax hikes, benefit reductions, or a mix to close the funding gap.
Some Republicans have suggested raising the payroll-tax income ceiling for wealthier households.

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Story summary

U.S. Congress risks letting Social Security cuts affect over 60 million Americans.
The Social Security retirement trust fund is projected to run dry within six years.
Incoming revenue would cover only 78 percent of benefits, cutting paychecks by 22 percent.
Lawmakers are debating tax hikes, benefit reductions, or a mix to close the funding gap.
Some Republicans have suggested raising the payroll-tax income ceiling for wealthier households.