"To bolster retirement security for older African Americans who have spent a lifetime working, the Biden Social Security reform plan will raise benefits for vulnerable beneficiaries—including widows and widowers, low-wage workers, and long duration beneficiaries who may have exhausted all other assets. In addition, Biden proposes to boost average benefits across the board while putting Social Security on a long-term path to solvency by raising payroll taxes for workers with more than $400,000 in earnings."