Wyden Says Trillions in Taxes Dodged by Ultra-Rich Could Fund Social Security Until 2100

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Wyden Says Trillions in Taxes Dodged by Ultra-Rich Could Fund Social Security Until 2100
InequalityMartin O'malleyRon Wyden
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Jake Johnson is a senior editor and staff writer for Common Dreams.

The Democratic chair of the Senate Finance Committee said during a hearing Wednesday that instead of tossing Social Security 's sacred guarantee 'in the trash' by cutting benefits, lawmakers should crack down on mega-rich tax dodgers as a way to keep the New Deal program fully solvent for decades to come. 'The ultra-wealthy are avoiding nearly $2 trillion in taxes every 10 years,' Sen. Ron Wyden said during a Senate Budget Committee hearing.

Whitehouse plans to strengthen Social Security by requiring the wealthy to pay their fair share! pic.twitter.com/nWRJt3hUWp — Social Security Works September 11, 2024 Wednesday's hearing came in the heat of a presidential race in which Social Security has featured prominently, with Democrats warning that GOP nominee Donald Trump would push for deep benefit cuts if he's elected to another White House term.

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