Why Fixing Social Security With Tax Hikes Could Backfire — New Wharton Study

Podcast: Broadcast Retirement Network · Jeffrey Snyder

Opublikowano: 2026-10-01

Andrew G. Biggs, Senior Fellow at the American Enterprise Institute and a leading voice on Social Security and retirement policy, examines a critical question facing lawmakers: could fixing Social Security with tax hikes actually backfire? Drawing on a new study from the Penn Wharton Budget Model, Biggs explains why the program's looming 2032 trust fund shortfall — and the automatic benefit cuts that would follow — demands urgent action, and why the model suggests that reforms centered on benefit adjustments may drive stronger long-term economic growth than tax increases, which can discourage work and saving.