(Photo source: Flickr user DonkeyHotey)
Social Security is fully solvent until 2037 and is not in crisis. But one way to make sure there are no cutbacks in benefit cuts after that is to lift the payroll tax cap so wealthy Americans contribute more into the system.
A new survey from the National Academy of Social Insurance finds that most Americans want to do just that. When survey respondents were asked how they felt about the statement “It is critical to preserve Social Security even if it means increasing Social
Security taxes paid by wealthy Americans,” 87 percent of them agreed, with 62 percent of them strongly agreeing.
It’s worth noting that this number includes even 71 percent of self-identified Republicans (and 86 percent of self-identified independents).
No to chained CPI on Social Security, and keep SS, Medicare and Medicaid benefits the same, PLEASE!
Agree! These are EARNED BENEFITS which must not be stolen from their rightful recipients!
And yet you want to steal them from somebody else.
We agree! Hope you signed onto our pledge.
The payroll tax is an accounting farce. Please read the works of James Galbraith.
So tired of hearing discussion of cutting EARNED benefits, when the discussion should begin with taxing Unearned income!!
We must change the mind-set of the entire spending/taxing discussion. Why are we letting THEM define the issue of increased revenue as “raising taxes”?? What we Should be calling it (and doing) is RESTORING taxes. We should be be talking about Restoring taxes to their former levels; the levels/tax rates that existed in all those years when the economy was booming for the benefit of everyone. We should be talking about – not Raising – but Restoring taxes to the levels they were, before the rich were given all those loop-holes and tax cuts.
You can’t spend what is needed for the good of the country [infrastructure, defense, health, education, etc.], and at the same time insist on diminishing revenues year after year.