Social Security Could Be a Deciding Issue in Key Senate Races
Summary
A new poll shows that most voters in five states with Senate elections want lawmakers to have a plan to stop future Social Security benefit cuts. Social Security faces a money shortfall and could reduce benefits by about 22% after 2032 if Congress does not act.Key Facts
- 77% of voters in Georgia, Michigan, North Carolina, Ohio, and Texas say they would more likely support a Senate candidate with a Social Security reform plan.
- Social Security funds are expected to run out by late 2032, after which only 78% of benefits can be paid.
- The poll included 2,500 registered voters, 500 from each state, conducted in August 2024.
- Senate races in these states are considered competitive and important for control of the Senate.
- Current Social Security proposals include raising taxes on incomes over $400,000 and taxing investment earnings for high earners.
- Democratic Senator Elissa Slotkin of Michigan supports the Social Security 2100 Act, aimed at improving the program’s funding and benefits.
- Republican Senators Thom Tillis (North Carolina) and John Cornyn (Texas) are involved in efforts to address Social Security’s issues.
- Voters see Social Security as a crucial topic for candidates in the upcoming November midterm elections.
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