Two points:
#1. The $160k wasn’t the Biden number. That was the compromise agreed to after republicans refused to allow the Biden number. Remember, republicans wanted ZERO stimulus this last time around.
#2. $160k is a huge number for the vast majority of the remaining “middle class” in this county. While some in big cities like NEW YORK and LA don’t find $160k to be wealthy, a lot of America subsists on more like $45-50k a year for a family. To the majority of America, $160k isn’t middle class, it’s downright wealthy.
Social Security will always be here- it’s just a matter if how it is funded, and where the break points are. If ALL income was equally subject to the social security tax, SS would be solvent for another 75 years, with no rate hike, and no benefit cut.
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