As some Republicans in Congress push to scale back and otherwise reform entitlement programs, a pair of liberal senators are pushing to expand one of the programs — Social Security.
Sens. Sherrod Brown (D-Ohio) and Tom Harkin (D-Iowa) are spearheading the effort, which they say would increase benefits for all Social Security beneficiaries by about $70 per month, change the cost-of-living calculation for benefits, and increase the amount that the wealthiest Americans pay into the program.
Social Security taxes are currently capped at the first $113,700 of someone's income. Brown and Harkin say the tax increase would help sustain the program, which is solvent but is on track for significant deficits in future decades.