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Lawmaker urges saving and expanding Social Security, proposes lifting taxable-income cap
Summary
A lawmaker urged protecting Social Security benefits and proposed expanding them by lifting the taxable-income cap so the wealthiest pay more, while warning that Republicans favor cuts through retirement-age increases and COLA reductions.
The lawmaker said Social Security must be preserved and expanded. "But the bottom line is that we have got to save Social Security. We've got to expand Social Security benefits, and we can do that, Chris, by simply lifting the cap on taxable income so that the very wealthiest people stop paying their fair share," the lawmaker said.
The speaker also characterized Republican approaches to Social Security as favoring cuts such as raising the retirement age and reducing cost-of-living adjustments (COLAs). The transcript captures an argument for a revenue-side fix (lifting the taxable-income cap) but does not reference a specific legislative proposal, bill number, or fiscal estimate for the suggested change.
