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In reply to the discussion: Who are the Social Security Trustees? [View all]ProSense
(116,464 posts)14. They
"Now what actions do you think they're talking about?"
...don't make proposals. Here's Bernie Sanders'
<...>
Sen. Bernie Sanders (I-Vt.) has introduced legislation to strengthen Social Security and guarantee benefits for 75 years by extending the payroll tax that most Americans already pay to those who earn above $250,000 a year.
"The most effective way to strengthen Social Security for the next 75 years is to eliminate the cap on the payroll tax on income above $250,000. Right now, someone who earns $110,100 pays the same amount of money into Social Security as a billionaire. That makes no sense," said Sanders, the chairman of the Defending Social Security Caucus. He also chairs the Senate aging subcommittee.
Under the proposed legislation, the wealthiest Americans would pay the same payroll tax rate already assessed on those with incomes up to $110,100 a year. Social Security officials have calculated that the simple change would keep the retirement program strong for another 75 years. The legislation also follows through on a proposal that President Barack Obama made in 2008 when he was running for president.
The Keeping Our Social Security Promises Act is cosponsored by Sens. Daniel Akaka (D-Hawaii), Richard Blumenthal (D-Conn.), Barbara Boxer (D-Calif.), Al Franken (D-Minn.), Amy Klobuchar (D-Minn.), Patrick Leahy (D-Vt.), Claire McCaskill (D-Mo.), Barbara Mikulski, (D-Md.), Harry Reid (D-Nev.) and Sheldon Whitehouse (D- R.I.).
Since it was signed into law 76 years ago, Social Security has kept millions of senior citizens, widows, widowers, orphans, and the disabled out of poverty. Before Social Security, about half of senior citizens lived in poverty. Today, less than 10 percent do.
Sen. Bernie Sanders (I-Vt.) has introduced legislation to strengthen Social Security and guarantee benefits for 75 years by extending the payroll tax that most Americans already pay to those who earn above $250,000 a year.
"The most effective way to strengthen Social Security for the next 75 years is to eliminate the cap on the payroll tax on income above $250,000. Right now, someone who earns $110,100 pays the same amount of money into Social Security as a billionaire. That makes no sense," said Sanders, the chairman of the Defending Social Security Caucus. He also chairs the Senate aging subcommittee.
Under the proposed legislation, the wealthiest Americans would pay the same payroll tax rate already assessed on those with incomes up to $110,100 a year. Social Security officials have calculated that the simple change would keep the retirement program strong for another 75 years. The legislation also follows through on a proposal that President Barack Obama made in 2008 when he was running for president.
The Keeping Our Social Security Promises Act is cosponsored by Sens. Daniel Akaka (D-Hawaii), Richard Blumenthal (D-Conn.), Barbara Boxer (D-Calif.), Al Franken (D-Minn.), Amy Klobuchar (D-Minn.), Patrick Leahy (D-Vt.), Claire McCaskill (D-Mo.), Barbara Mikulski, (D-Md.), Harry Reid (D-Nev.) and Sheldon Whitehouse (D- R.I.).
Since it was signed into law 76 years ago, Social Security has kept millions of senior citizens, widows, widowers, orphans, and the disabled out of poverty. Before Social Security, about half of senior citizens lived in poverty. Today, less than 10 percent do.
At the AFL-CIO link, Harkin's proposal is mentioned, and it's to increase benefits.
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solis is very well educated. but she wasn't born into an upper class/ruling class family.
HiPointDem
Apr 2012
#2
Yep, FDR, Frances Perkins, & many other founders were ruling class. And they were countering
HiPointDem
Apr 2012
#9
I didn't say that. I think you want something to fight about. Let's avoid that.
freshwest
Apr 2012
#22
Nothing more to discuss, the thread has exhausted itself. Have a good evening. n/t
freshwest
Apr 2012
#27
i'm a dumb 99%er & i don't get your point. please explain clearly so us dummies will get it.
HiPointDem
Apr 2012
#5
Of what relevance are quotes from the AFL-CIO & Sanders? The Trustees aren't saying
HiPointDem
Apr 2012
#18
Your link demonstrates that the Trustees aren't saying anything like "vibrant" and "strong".
HiPointDem
Apr 2012
#24
oh, baloney. The entire thrust of the Trustees report is that the program is in imminent
HiPointDem
Apr 2012
#29
not "my" interpretation at all, it's the obvious message of the text to anyone who's not trying
HiPointDem
Apr 2012
#31
There is no imminent danger. So quite obviously, I don't think anything needs to be done
HiPointDem
Apr 2012
#34
Perhaps the conversation would improve if you stopped putting words in my mouth.
HiPointDem
Apr 2012
#36
i don't agree with any of that. mainly because all those actors are, in one way or another,
HiPointDem
Apr 2012
#38
yes, i believe all those people are misleading the public in one way or another. #1, they're
HiPointDem
Apr 2012
#41
The numbers on collections and outlays are verifiable. Concrete facts. The projections
HiPointDem
Apr 2012
#43
Geithner, Sebelius, Astrue and Blahous are awful trustees...Solis only good one
joeybee12
Apr 2012
#16
I get your point, but "elite catholic school kids" sinks your argument like the iceberg sank Titanic
Stinky The Clown
Apr 2012
#25
I should have made it clear that Sebelius went to the Catholic equivalent of prep school, not a
HiPointDem
Apr 2012
#26