Some Republicans Open to Raising Social Security Payroll Taxes on High Earners
Source Summary
Rep. Lloyd K. Smucker of Pennsylvania, a leading candidate to chair House Budget Committee Republicans, stated Thursday that raising the cap on income subject to Social Security payroll taxes could be considered. The statement reflects a shift among some Republicans who have traditionally opposed payroll tax increases.
Why it matters
This represents a potential shift in Republican policy positions on Social Security financing, traditionally a politically sensitive issue.
