Bloomberg Poll: Tax Billionaires to Save Social Security

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Social Security News

An overwhelming 77% of registered voters in seven key states likely to decide the 2024 presidential election are in favor of a billionaire tax to save Social Security, the latest Bloomberg News/Morning Consult poll finds.

Voters in these swing states are also open to several other ideas that lean heavily on the ultra-rich to keep Social Security solvent for decades.

More than half are in favor of scaling back benefits for high earners and for taxing wages above the first $168,600 in earnings, which is the current cap. “A lot of people want the government to take action, but they’re not really sure how,” says Matt Monday, senior manager for Morning Consult. “But the things that they do feel sure about is that someone else should do it.”

Former President Donald Trump has said that cutting out waste and fraud in government spending is one way to safeguard the future of Social Security and Medicare benefits.

Benefits Poll Tax Billionaire

 

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