Business
Bernie Sanders proposes changes to keep Social Security solvent
Senator Bernie Sanders aims to eliminate the taxable maximum to increase taxes on the wealthy and support Social Security.
Photo: Kidfly182 / CC BY-SA 4.0, via Wikimedia Commons
Senator Bernie Sanders has proposed a plan to ensure the long-term solvency of Social Security, according to MarketWatch.
His approach involves eliminating the taxable maximum income limit, which would result in higher taxes on wealthy individuals.
This change is intended to generate additional revenue to sustain Social Security benefits for future generations.
The proposal reflects Sanders' focus on addressing social welfare funding through increased taxation on higher earners.
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