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flag Social Security faces potential fund depletion by 2035, sparking proposals to raise taxes or the retirement age.

flag Social Security's trust funds may run out by 2035, potentially leading to benefit cuts. flag To address this, some lawmakers propose raising the retirement age or increasing payroll taxes, while a new survey shows most Americans support raising taxes on high earners to prevent cuts. flag A comprehensive proposal from Rep. Steny Hoyer includes increasing the taxable wage base and slightly boosting the tax rate, among other measures to stabilize the system. flag The survey also found strong bipartisan support for maintaining or increasing benefit levels.

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