The trust fund underpinning Social Security's finances is scheduled to dry up in 2032, putting millions of retirees at risk of benefit cuts by the end of the next president's term. Some Republicans are starting to break with the party's longstanding opposition to tax increases to address the problem.
"We've got too many people who say, 'Well, we have to stay within the current income level or stay at the current tax rate,'" Rep. Tom Cole of Oklahoma, chair of the House Appropriations Committee, told the Washington Post in an interview. "I'm willing to look at the tax rate. I am willing to raise the amount of income through tax."
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