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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSen. Sanders Petition: It's time to scrap the cap and expand Social Security!
At a time of massive wealth inequality, when 99% of all new income generated in this country goes to the top 1%, and when over half of the American people have less than $10,000 in savings, the last thing we should do is cut Social Security.
The best way to extend the lifespan of the Social Security trust fund is to scrap the cap on taxable earnings. Today, a Wall Street CEO who makes $18 million a year pays the same into Social Security as someone earning $118,500. That's absurd. If we simply applied the payroll tax on income above $250,000, not only could we extend Social Security's solvency until 2065, we could also increase benefits to meet the elderly's higher living expenses.
Stand with U.S. Senator Bernie Sanders and Social Security Works in demanding that Congress scrap the cap and expand, not cut Social Security!
To Congress:
With the average Social Security benefit today being just $1,328 a month, and more than one-third of our senior citizens relying on Social Security for virtually all of their income, our job is to expand benefits, not cut them.
We call on you to scrap the payroll tax cap on income above $250,000, extend Social Security's solvency until 2065 and increase benefits to meet the elderly's higher living expenses.
http://salsa.wiredforchange.com/o/6405/p/dia/action3/common/public/?action_KEY=11201
NYC_SKP
(68,644 posts)No, I don't believe she would.
If she would, then she would have by now.
Why are people so fond of her?
PoliticAverse
(26,366 posts)and opposed it.
NYC_SKP
(68,644 posts)Which, to her, would be middle class.
stillwaiting
(3,795 posts)PoliticAverse
(26,366 posts)For video of her position see:
Dragonfli
(10,622 posts)http://www.ontheissues.org/celeb/Hillary_Clinton_Social_Security.htm
PoliticAverse
(26,366 posts)hifiguy
(33,688 posts)May that woman never enter the White House save as a guest.
liberal_at_heart
(12,081 posts)Martin Eden
(12,880 posts)The fact that Bernie Sanders really stands out when he calls for lifting the cap says an awful lot about the sorry state of our democracy.
PowerToThePeople
(9,610 posts)MissDeeds
(7,499 posts)Thank you, Sen. Sanders!
K&R!!!!!
stillwaiting
(3,795 posts)We need to go left to do so. No Wall Street/3rd Way approved Democrats.
Enthusiast
(50,983 posts)Nye Bevan
(25,406 posts)but he also receives the exact same SS benefit when he retires. That seems fair and is the reason that SS has survived in pretty much its original form; it is seen (with some justification) as a forced savings scheme, as opposed to a "welfare program" (because we know what even Democrats tend to do to welfare programs).
X_Digger
(18,585 posts)Or if they do, they propose cap the *benefit* but not the payment *in*. (Which would never make it out of committee.)
daleanime
(17,796 posts)our current system benefits some one making $18 million a little bit more then some one making $118,500.
pansypoo53219
(21,004 posts)PoliticAverse
(26,366 posts)daleanime
(17,796 posts)Trillo
(9,154 posts)Kinda stupid to say we have a progressive income tax and have regressive Social Security withholdings.
SoapBox
(18,791 posts)Scuba
(53,475 posts)... so they can get more votes, that lifting the cap will raise taxes on the middle class and that virtually all government spending is already tied up in "entitlements" for slackers.
Fuck Bill Clinton for signing the "let's monopolize the media" bill.