Polls Reveal Bipartisan Support for Social Security Reforms
Polls Reveal Bipartisan Support for Social Security Reforms
Polls Reveal Bipartisan Support for Social Security Reforms
News summary

Recent polls indicate a significant bipartisan consensus among Americans regarding Social Security reform, with a majority supporting higher taxes on wealthy individuals and gradual benefit reductions for high earners. A Wall Street Journal poll found that 64% of Americans favor eliminating taxes on Social Security benefits; however, support drops to 41% if it risks increasing the national debt. Concurrently, a University of Maryland survey revealed that 87% of respondents nationwide support applying payroll taxes to wages over $400,000, which could address 60% of the program's projected shortfall. Additionally, most Americans, including both Republicans and Democrats, agree on gradually raising the retirement age from 67 to 68 by 2033. The looming financial shortfall of the Social Security Trust Fund, projected to occur by 2033, underscores the urgency for reforming the program to maintain benefits. Overall, these findings suggest that voters are open to pragmatic solutions despite the traditionally sensitive nature of Social Security changes.

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