Eliminating the funding shortfall in Social Security solely by raising payroll taxes could cost the typical U.S. worker and their employer thousands of dollars — a “financially impossible” burden for many Americans, according to an economist with the Cato Institute. Payroll taxes are the primary funding source for Social Security, although the program now pays…
American households earned a record median income of $87,460 last year, according to new Census Bureau data. The catch? That figure is only slightly above the previous peak set in 2019. Adjusting for inflation, that means the typical household has gained little economic ground in six years marked by pandemic upheaval and surging consumer prices….
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Ed O’Keefe: Kentucky Gov. Andy Beshear, a Democrat Rep. Don Bacon, Republican of Nebraska Anthony Salvanto, CBS News executive director of elections and surveys Pennsylvania state Rep. Chris Rabb Wall Street Journal reporter Sabrina Rodriguez, NOTUS reporter Paul Kane, The Atlantic staff writer Toluse…
