Project 2025 is a long-term plan to strengthen Social Security and ensure its financial stability for future generations. It was developed by the Social Security Administration (SSA) in response to the projected depletion of the Social Security Trust Fund by 2035.
The plan includes a number of proposals to increase revenue and reduce spending, such as raising the retirement age, increasing the payroll tax rate, and reducing benefits for wealthy retirees. These proposals have been met with some opposition, but the SSA believes that they are necessary to ensure the long-term solvency of Social Security.