Four policy fixes eyed to shore up Social Security's funding

Lawmakers warn Social Security's retirement trust fund could run dry by 2032 without action, and four ideas are on the table: raise the payroll tax on high earners (donut-hole approach), abolish the payroll-tax cap entirely, gradually lift the full retirement age, and create a government-backed investment fund to help cover the funding gap; each option has supporters and critics and would shape future benefits and taxes.