Summary
Zach Wahls, a Democrat running for the U.S. Senate, has proposed a new plan to address Social Security's funding issues. His plan includes reversing recent cuts to social services and increasing taxes for wealthier individuals to extend Social Security's financial health. The proposal responds to concerns about a potential shortfall in Social Security funds by 2033.
Key Facts
- Zach Wahls is a Democratic candidate for the U.S. Senate from Iowa.
- Wahls proposed the “Keep the Promise Act” to address Social Security funding problems.
- The plan suggests reversing Department of Government Efficiency (DOGE) cuts to Social Security.
- Wahls' proposal includes higher taxes on wealthy individuals to extend Social Security's solvency.
- Social Security may face funding shortages by 2033, affecting payments to recipients.
- The proposal aims to restore services affected by DOGE cuts, such as reducing wait times.
- Wahls is running against Ashley Hinson, a Republican campaigning for the same Senate seat.
- The plan is not expected to gain much support in the current Congress.
