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Marshall Backs Removing $184,500 Payroll Tax Cap

By Drooid · · How we work

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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.