
Higher taxes on the wealthy would bolster Social Security, U.S. Senate Dems argue
By JENNIFER SHUTT , Florida Phoenix, July 13, 2023. WASHINGTON — U.S. senators debated Wednesday how best to resolve a funding cliff within Social Security that will lead to a quarter reduction in benefits in about a decade, absent action from Congress. Democrats on the Budget Committee, led by Chair Sheldon Whitehouse of Rhode Island,