Sen. Ron Wyden highlighted that the ultra-wealthy avoid nearly $2 trillion in taxes every ten years, suggesting this revenue could secure Social Security for the future.
During a Senate hearing, Wyden stressed the need to address tax evasion by the ultra-rich to protect Social Security instead of reducing benefits, which he called inadequate.
Sen. Sheldon Whitehouse criticized GOP plans to raise the retirement age as harmful to low-income retirees, emphasizing that raising revenue is essential to maintain Social Security.
Whitehouse argued that if cuts to Social Security are off the table, then the only avenue left to secure its funding is to identify smart ways to raise revenue.
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