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7 October
6:31 pm

Raising the cap is not gonna take care of the entire gap

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Ashley Hinson, at Iowa U.S. Senate General Election Debate

6:31 pm
Why this verdict View evidenceHide evidence
Why we checked itHinson asserts that raising the Social Security payroll tax cap would not fully close the program's funding gap — a specific, verifiable claim about Social Security financing that actuarial analyses can assess.
What we foundRaising or even fully eliminating the Social Security payroll tax cap would not close the entire funding gap — it would address between roughly 48% and 67% of the shortfall, depending on the policy design, according to multiple independent authoritative sources.
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