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Marshall Backs Removing $184,500 Payroll Tax Cap
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- Sen. Roger Marshall (R-Kansas) would eliminate the $184,500 payroll-tax cap to strengthen Social Security.
- The Social Security retirement trust fund is projected to run dry in late 2032.
- If no plan passes, benefits could drop at least 22% for more than 60 million people.
- Rep. Bernie Moreno (R-Ohio), Rep. Tom Cole (R-Oklahoma) and Rep. Lloyd Smucker (R-Pennsylvania) favor higher Social Security taxes on earners.
