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U.S. Lawmakers Clash over Ways to Extend Social Security Funding

  • Social Security is projected to become insolvent in 2032, potentially causing a 22% to 28% cut in benefits, equal to about $500 less per monthly check.
  • Senator Ron Wyden criticized the Republican commission plan, saying it aims to introduce benefit cuts with little public discussion.
  • Wyden expressed willingness to work across party lines to update Social Security and suggests asking billionaires to pay more through taxes.
  • Senator Ron Johnson warned that raising Social Security funds might hurt economic growth and turn the program into a welfare system.
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U.S. lawmakers clash over ways to extend Social Security funding

(The Center Square) – With the Social Security Trust Fund insolvency date looming, a congressional committee discussed creating a basic procedural framework to address the thorny issue at a Wednesday hearing.

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  • 54% of the sources are Center
54% Center

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Just the News broke the news in Washington, United States on Wednesday, August 5, 2026.
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