Sen. Tom Harkin (D-IA)
Many Republicans and even some Democrats have been talking about cutting Social Security benefits by raising the retirement age or using a Chained CPI to reduce payments.
But Senator Tom Harkin (D-IA) set himself apart today by introducing a bill to do the opposite — increase benefits. Under Harkin’s bill, the benefits formula would be readjusted in a way that boosts benefits to beneficiaries by an average of $70 a month. In order to fund this increase and to maintain Social Security benefits for decades to come, Harkin would lift the Social Security payroll tax cap, ensuring that income aboveAi??$113,700 would be taxed as well.
That’s what I’m talking about.
Why all this talk of cutting entitlements (lets rename this “earned benefits”)? How the Dems run on increasing benefits of SS and Medicare and expanding Medicaid further. And again, the only deficit we have is a deficit of good-paying, middle-class green jobs. We take care of these issues, end these wars, and we will have a downward-spiraling debt that President Clinton had before President Bush took over.
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