Jim de Bree
Jim de Bree
Source: The Signal
Date: 08/06/2026 3:14am
Article Summary:
**Jim de Bree: Congress Must Make Painful Choices to Avert Social Security Insolvency by 2032**
In a column on Social Security’s looming insolvency, Jim de Bree warns that Congress must soon choose between raising payroll taxes or cutting benefits to prevent a projected 22% reduction in 2032. He outlines controversial options on both sides, including lifting the income cap, taxing more benefits, raising the retirement age, or trimming cost-of-living adjustments, noting that each proposal faces strong political resistance. De Bree argues that delaying action will eliminate the chance to phase in gradual reforms, making the eventual consequences more severe.
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Date: 08/06/2026 3:14am
Article Summary:
**Jim de Bree: Congress Must Make Painful Choices to Avert Social Security Insolvency by 2032**
In a column on Social Security’s looming insolvency, Jim de Bree warns that Congress must soon choose between raising payroll taxes or cutting benefits to prevent a projected 22% reduction in 2032. He outlines controversial options on both sides, including lifting the income cap, taxing more benefits, raising the retirement age, or trimming cost-of-living adjustments, noting that each proposal faces strong political resistance. De Bree argues that delaying action will eliminate the chance to phase in gradual reforms, making the eventual consequences more severe.
Read article here »