Social Security Worth Higher Tax, Most In Poll Say
Seal of the United States Social Security Administration. It appears on Social Security cards. (Photo credit: Wikipedia)
WASHINGTON – Most Americans say go ahead and raise taxes if it will save Social Security benefits for future generations. And raise the retirement age, if you have to.
Both options are preferable to cutting monthly benefits, even for people who are years away from applying for them.
Those are the findings of a new Associated Press–GfK poll on public attitudes toward the nation’s largest federal program.
Social Security is facing serious long-term financial problems. When given a choice on how to fix them, 53 percent of adults said they would rather raise taxes than cut benefits for future generations, according to the poll. Just 36 percent said they would cut benefits instead.