WASHINGTON — Voters are much more likely to support U.S. Senate candidates in the November midterm elections if they have a plan to avoid an automatic cut to Social Security benefits in 2032, according to a poll released Wednesday by the nonpartisan Peter G. Peterson Foundation.
“Senators elected this fall will be in office in 2032 when Social Security recipients will face immediate 22% cuts, so all candidates should be putting forth solutions in this campaign to prevent this catastrophic result,” said Michael A. Peterson, CEO of the Peterson Foundation. “The good news indicated by this survey is that voters want this problem addressed, and there is strong bipartisan support for many available solutions that would sustain this essential program.”
Ninety-one percent of those surveyed said they support changes to Social Security “to prevent automatic benefit cuts,” while 85% said “it is more important than ever for lawmakers to fix” the program, given the sharp increase in the cost of living.
Respondents in the swing states of Georgia, Michigan, North Carolina, Ohio and Texas felt similar, elevating Social Security as a campaign issue with less than two months until voting ends on Nov. 3.
Seventy-two percent of those in the poll said they would support Congress instituting a 1% tax on income above $184,500 to bolster funding for Social Security. The law currently requires people to pay a 6.2% tax up to that annual income level but no Social Security taxes after.
About two-thirds said they would support lawmakers placing a $100,000 limit on annual Social Security benefits for a retired couple.
Gradually increasing the retirement age wasn’t nearly as popular, with 52% of those surveyed opposed to the possibility that lawmakers would “phase in a small gradual increase in the retirement age for younger Americans.”
Sixty-eight percent of those polled didn’t support the idea that Congress could borrow more to offset the upcoming benefit cut.
The online poll, conducted by Global Strategy Group and North Star Opinion Research, surveyed 2,500 registered voters nationwide between Aug. 20 and Aug. 27. It has a margin of error of plus or minus 4.4 percentage points.
