Despite years of debate on Capitol Hill, Congress has failed to act on Social Security reform.
\nAny reform proposal with a fighting chance would likely include an increase in payroll taxes.
\nWould the American public support such measures?<\/p>\n
Recently, the National Academy of Social Insurance (NASI) surveyed 2,000 Americans to determine what reforms they would support in order to shore up Social Security. NASI found that 82 percent of respondents would support increasing taxes on working Americans, while 87 percent would support taxing the wealthy. Eighty-two percent of those respondents with incomes over $100,000 per year supported the idea of raising their own taxes. <\/p>\n
Although Democrats and Independents were disproportionately likely to support tax hikes, nearly three quarters of Republicans supported increasing taxes.<\/p>\n
The survey also asked respondents to choose from a range of hypothetical packages of adjustments to benefits and tax revenue. Not only did respondents show a willingness to raise taxes enough to (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Despite years of debate on Capitol Hill, Congress has failed to act on Social Security reform. Any reform proposal with a fighting chance would likely include an increase in payroll taxes. Would the American public support such measures? Recently, the…<\/span><\/p>\n