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Former Treasury Secretary Jack Lew says lawmakers must 'keep their options open' on Social Security reform, as the trust fund may run out by Q4 2032
Lew urged lawmakers to start thinking and talking about solutions, noting that the program's trust fund could be depleted by Q4 2032, or Q3 2034 if combined with the disability trust fund, potentially leading to benefit cuts. He also mentioned the 2026 wage base subject to payroll taxes is $184,500.
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