Strengthen and Expand Social Security

For more than eighty years, Social Security has stood for retirement with dignity and respect.

Today, Social Security is more important than ever:

  • Over half of workers between the ages of 55-64 have no retirement savings.
  • More than a third of senior citizens depend on Social Security for the majority of their income.
  • 20% of the nation’s seniors live on just $8,300 per year.
  • A cap on taxable income results in billionaires paying the exact same amount of dollars into Social Security as someone who makes $118,500 a year.

We need to:

  • Lift the cap so that everyone who makes over $250,000 a year pays the same percentage of their income (not the same dollars) into Social Security as do middle class working families.
  • Expand benefits by an average of $65 per month; and increase cost-of-living adjustments.

Removing the cap will increase revenues and extend Social Security solvency for the next 50 years, benefiting all American alive today.

 

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