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International Business Times UK
International Business Times UK
World
Vinay Patel

Elizabeth Warren Social Security Proposal to Prevent Benefit Cuts Could Raise $3 Trillion in Taxes

A high-stakes cross-party plan by Senators Elizabeth Warren and Bernie Moreno aims to save America’s Social Security system from collapsing by 2032 (Credit: / ChatGPT AI-Generated)

A major legislative battle is brewing in Washington as a newly proposed overhaul aims to shield millions of Americans from a devastating retirement income crisis.

By targeting specific economic loopholes, the high-stakes plan seeks to rescue the nation's core safety net just years before its funding is projected to trigger automatic, painful cutbacks. Whether this ambitious framework can successfully clear a divided Congress, however, remains the multi-trillion-dollar question.

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