Former Social Security Administration Commissioner Martin O’Malley says raising the Social Security payroll tax cap is one way to address the program’s looming funding shortfall. Speaking in an interview aired Monday on NewsNation’s “The Hill,” O’Malley argues that requiring higher-income Americans to pay more into Social Security would help improve the program’s finances. His comments follow a new report warning that Social Security beneficiaries could face a 22 percent reduction in their monthly benefits in 2032. O’Malley frames the proposal as a means of increasing revenue by expanding the earnings level subject to the payroll tax, rather than relying only on across-the-board benefit cuts or other changes. The discussion centers on how Social Security’s long-term obligations are expected to outpace scheduled revenue, and on policy options to reduce the gap before the projected benefit reductions. The interview and related coverage highlight ongoing debate over how best to close Social Security’s financing gap while balancing impacts on current and future beneficiaries.