Moreno’s Social Security tax hike would hurt working families, businesses

Sen. Bernie Moreno (R-Ohio) has joined Sen. Elizabeth Warren (D-Mass.) in proposing to eliminate the Social Security payroll tax cap. This would impose the 12.4 percent tax on all wages and self-employment income, on top of the graduated income tax. Today, the Social Security payroll tax applies only to the first $185,000 or so in…

This report comes from The Hill. The story centres on Moreno’s Social Security tax hike would hurt working families, businesses. Full coverage and background context is available at the original source. Readers seeking more detail on this developing topic are encouraged to follow updates from The Hill and related outlets covering this beat.