Updated

Democrats advocated taxing high earners to shore up Social Security in the run-up to the 2026 midterm elections, according to CNBC Top News. The report examines what could happen to payroll taxes and senior tax breaks now that the party has made gains. The report notes that a senior deduction is slated to expire in two years. The excerpt does not give specific legislative proposals, cost estimates or a timeline for any change to payroll taxes.