New polling finds that bipartisan majorities of voters support plans to expand Social Security by taxing the rich, showing that the public overwhelmingly backs Democrats’ recent proposals to bring stability and funding to the program.

Polling conducted by Data for Progress last month found that 81 percent of respondents strongly or somewhat support Democrats’ plans to peg Social Security benefits to the cost of living, including 88 percent of Democrats and 75 percent of Republicans.

There is also wide support for funding the plan by taxing the rich, as Democrats have proposed; 76 percent of respondents say that they support increasing payroll taxes on people making over $400,000 a year to fund Social Security expansion and ensure the program’s solvency.

Last year, Democrats introduced a bill, named the Social Security 2100, that would provide an immediate bump to Social Security payments and update the program’s cost of living adjustment formula to better match inflationary pressures. The bill would extend the insolvency date of the program to 2038, giving lawmakers five more years past the current date […]