Senators Bernie Moreno and Elizabeth Warren have penned an op ed in the New York Times recommending that the wage cap on the FICA tax that feeds into the Social Security trust funds be removed. This would prevent the trust funds from running out of money for many years into the future.
It’s no surprise that Senator Warren would express this opinion. What’s remarkable is that Senator Moreno would feel the same. He’s a Republican from Ohio. I wouldn’t say the dam is breaking but there’s a tiny crack in it.
The Washington Post has already run an editorial about the Moreno-Warren op ed. They’re aghast. It’s what I would expect from a newspaper owned by Jeff Bezos, one of the wealthiest people on Earth.
