https://www.wsj.com/articles/adding-to-social-insecurity-11551650108
Memo to young workers: The Democrats you recently elected want to raise Social Security benefits for retirees while taxing you more to pay for it. Too bad they didn’t tell you about this last year when they were running against Donald Trump. Among the many tax increases Democrats are now pushing is the Social Security 2100 Act sponsored by John Larson of House Ways and Means. The plan would raise average benefits by 2% and ties cost-of-living raises to a highly generous and experimental measure of inflation for the elderly known as CPI-E. The payroll tax rate for Social Security would rise steadily over two decades to 14.8% from 12.4% for all workers, and Democrats would also apply the tax to income above $400,000.