Social Security reform imperative to avoid 34% tax hike, insolvency by 2032, trustees warn

  • by:
  • Source: Just The News
  • 06/22/2026
(The Center Square) - Policymakers must return Social Security to its original intent in order to avoid massive tax hikes and insolvency, especially in light of a nation burdened by debt, a memo released by a nonprofit on the 2026 Social Security Trustees Report states.

Senior Research Fellow at Advancing American Freedom Foundation – the organization that released the memo – Rachel Greszler told The Center Square: “Social Security is running out of time and money, with automatic benefit cuts averaging $5,300 per year on track to begin in 2032.”

“Unless policymakers act, America’s favorite entitlement program will become its most disgraced,” Greszler said.

Advancing American Freedom Foundation (AAFF) is a nonprofit and collection of “leaders from Capitol Hill, think tanks, and grassroots movements” who work together to “defend liberty and advance policies that build a stronger America,” according to its website.
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