TOLEDO, Ohio (WTVG) – Ohio Republican Senator Bernie Moreno is joining forces with an unlikely ally across the aisle in a bid to extend the solvency of Social Security.<\/p>\n
In a joint op-ed in the New York Times<\/a>, Moreno and Sen. Elizabeth Warren (D – Mass.) made their case for lifting the cap on social security taxes. <\/p>\n Current law puts a limit on how much income is taxed for social security. <\/p>\n There is a 6.2% tax dedicated to social security, but that is applied only to $184,500 per year. Every dollar above that limit no longer has the social security tax applied to it – though income and Medicare taxes are still collected.<\/p>\n \u201cWhy should a middle-class nurse pay a larger share of her paycheck \u2014 than a wealthy corporate lawyer?” Moreno and Warren wrote in the Times. \u201cThis is doubly unfair in an economy in which top earner\u2019s wages, over time, have pulled far ahead of those of the average worker.\u201d<\/p>\n Social Security expenditures are expected to surpass the amount of money collected in 2032, leading to an immediate cut in payments and additional insolvency issues down the line. <\/p>\n More changes would be needed to shore up the program long-term, but getting rid of the cap would lengthen the runway, delaying the insolvency date.<\/p>\n And a joint effort by some of the most outspoken Senators from both parties could signal that a bipartisan effort to make those tough changes may be underway.<\/p>\n \u201cThis is a no-brainer: the wealthiest Americans, who have benefited the most from America\u2019s opportunities, should contribute the same percentage of their income as a factory worker in Chillicothe, Ohio, or a teacher in Worcester, Mass.,\u201d Moreno and Warren wrote.<\/p>\n Latest Local News<\/a> | First Alert Weather<\/a> | Crime<\/a> | National<\/a> | 13abc Originals<\/a><\/p>\n Copyright 2026 WTVG. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"TOLEDO, Ohio (WTVG) – Ohio Republican Senator Bernie Moreno is joining forces with an unlikely ally across the…\n","protected":false},"author":2,"featured_media":722935,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":["post-722934","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/722934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=722934"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/722934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/722935"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=722934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=722934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=722934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}