Truthdig -In an effort to strengthen one of the nation’s most popular programs as the GOP pushes for cuts, Sen. Bernie Sanders (I-Vt.) and several congressional Democrats on Wednesday introduced the Social Security Expansion Act to ensure that seniors can retire in dignity and “everyone with a disability can live with the security they need.”
Confronting an economic landscape in which half of older Americans have no retirement savings and 20 percent of seniors are forced to live on income that barely exceeds the federal poverty line, Sanders’ legislation would significantly expand Social Security benefits and ensure the program remains solvent for at least the next five decades by subjecting all income over $250,000 to the Social Security payroll tax.
1 comment:
How about repealing federal taxes on Social Security? This was done by Reagan. Might need a companion law to cut federal allocations to states that try to impose taxes on SS..like three less federal dollars for every dollar of state taxes on SS...?
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