It’s a political loser
Andrew G. Biggs, 6-16-2023, former principal deputy commissioner of the Social Security Administration, "Is Social Security Reform Politically Possible? My Long-Read Q&A with Andrew Biggs," American Enterprise Institute, https://www.aei.org/pethokoukis/is-social-security-reform-politically-possible-my-long-read-qa-with-andrew-biggs/, KL
Are there serious plans out there that you could see forming the basis of some sort of agreement?
Right now? I think the answer to that is, no. There are two main plans out there. There is a proposal called the Social Security 2100 Act. It’s been co-sponsored by maybe 90 percent of House Democrats. It’s as close to a consensus reform bill among Democrats as you’re ever going to find. And that not only pays full promised benefits to everyone in perpetuity, it actually increases benefits for everyone. It finances that by raising taxes and raising taxes some more. They’ve all gotten on the bandwagon, “We like this bill” and all that. The reason the Social Security 2100 Act never came up for a committee markup when Democrats controlled the house, much less going up for a full vote, is that they know that raising taxes that much is a political loser, just as fixing the system entirely by cutting benefits is a political loser. If you’re at a period where you don’t have to do anything, it’s just much easier politically to kick the can down the road.