Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For 75 Years (VIDEO)

Video - Bernie Sanders On Social Security - Aug. 24, 2011

Outstanding short speech.

• "There has been too much discussion in this country, not just from Republicans, but from Democrats alike, that we should be making cuts in Social Security.  That is wrong!"

Sanders announced that he will introduce legislation that would strengthen Social Security without cutting benefits to any of its beneficiaries.  Sanders’ legislation would eliminate the income cap that currently exists in the payroll tax that does not tax income above $106,800.

• To keep Social Security strong for another 75 years, Sanders’ legislation would apply the same payroll tax already paid by more than nine out of 10 Americans to those with incomes over $250,000 a year. [...] Under Sanders’ legislation, Social Security benefits would be untouched. The system would be fully funded by making the wealthiest Americans pay the same payroll tax already assessed on those with incomes up to $106,800 a year.

Read Sanders full press release HERE...

Comments

[Michael Rivero]

So, having borrowed your money you spent your life paying into Social Security and unable to pay it back, the US Government's solution is to tax you MORE to replace it! And of course, this second time around we can trust that government not to betray us again, can't we?

[timkbg]

That comment makes absolutely NO sense. How can raising the current cut-off amount be described as "taxing a second time around"? Stupid!