Poll: 53 Percent Of Americans Would Raise Taxes To Save Social Security

A new Associated Press-GfK poll found that 53 percent of American adults would prefer to raise taxes in order to ensure Social Security’s solvency, while just 36 percent would cut benefits. 65 percent of Democrats and 53 percent of independents were willing to increase taxes, while only 38 percent of Republicans agreed. Social Security’s life could be extended for the next 75 years by simply raising the payroll tax cap that currently limits Social Security contributions to the first $110,100 in income.