A bipartisan push to fix Social Security is drawing fresh attention to who pays into the system and how much.
In June 2026, Elizabeth Warren and Bernie Moreno outlined a plan to lift the cap on Social Security payroll taxes, a move that could strengthen the program’s finances while affecting higher earners who are planning around senior benefits.
How the Social Security payroll tax cap works
The plan “to save Social Security” centers on one key feature of the current system: the payroll tax cap…