Social Security is the foundation of retirement security in America. Millions of seniors, people with disabilities, widows and children who have lost a parent rely on their Social Security checks to pay their bills, buy groceries and escape poverty.
Despite its successful history, politicians like Sen. Richard Burr want to cut benefits, force seniors to work longer and privatize the system with a voucher system. We need to protect and expand Social Security, not cut it.
Congress should scrap the payroll tax cap. Currently, only the first $118,500 of income is taxed, which means that millionaires and billionaires don’t pay their fair share. That’s just not right.
We can also adopt the Consumer Price Index for the Elderly so the cost-of-living increases more accurately reflect seniors’ spending habits. There are several bills already in Congress that would strengthen Social Security for millions of hardworking Americans. Now is the time for us to expand Social Security, not cut it.