SOCIAL SECURITY
Social Security is the most successful government program in our nation’s history.
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Despite what you may have heard from those who want to cut back on Social Security, let’s be clear: Social Security is not “going broke.”
Social Security has a $2.9 trillion surplus and can pay every benefit owed to every eligible American for the next 16 years.
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Although Social Security’s finances are strong, Congress must strengthen and expand it for generations to come.
How do we do that? Simple. RAISE THE CAP!
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Today, a billionaire pays the same amount of money into Social Security as someone who makes $132,900 a year because the Social Security payroll tax is capped.
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TDP supports RAISING THE CAP ON SOCIAL SECURITY by applying the payroll tax on all income over $250,000 in order to accomplish four things:
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1) Pay every Social Security benefit for the next sixty years;
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2) Expand Soc. Sec. benefits;
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3) Increased Cost-of-Living adjustments;
4) Establish a Consumer Price Index for the Elderly.
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