Ultra-Rich Should Pay to Save Social Security, Swing-State Voters Say

Swing-state voters are open to several ideas to keep Social Security benefits flowing for decades — as long as it’s the wealthy footing the bill, according to the latest Bloomberg News/Morning Consult poll.

An overwhelming 77% of registered voters in the seven states that will decide the 2024 presidential election like the idea of a billionaires tax to bolster Social Security shortfalls, the poll found. More than half say they approve of trimming benefits for high-earners, and for taxing wages for Social Security beyond the first $168,600 in earnings as done under current policy.

The poll was conducted among registered voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin between April 8-15.

Across-the-board changes — raising the retirement age to 69 from 67 or introducing a new formula that results in less generous benefit payments — were less popular. Around one-fourth of poll respondents supported those policies, while about a third support increasing payroll taxes.

Read more: https://www.bloomberg.com/news/articl...

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