27 Apr '15, 8pm

Petition: Scrap the Cap on Social Security

It's time to scrap the cap and expand Social Security! At a time of massive wealth inequality, when 99% of all new income generated in this country goes to the top 1%, and when over half of the American people have less than $10,000 in savings, the last thing we should do is cut Social Security. The best way to extend the lifespan of the Social Security trust fund is to scrap the cap on taxable earnings. Today, a Wall Street CEO who makes $18 million a year pays the same into Social Security as someone earning $118,500. That's absurd. If we simply applied the payroll tax on income above $250,000, not only could we extend Social Security's solvency until 2065, we could also increase benefits to meet the elderly's higher living expenses. Stand with U.S. Senator Bernie Sanders and Social Security Works in demanding that Congress scrap the cap and expand, not cut Social Security!

Full article: http://salsa.wiredforchange.com/o/6405/p/dia/action3/comm...

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