John,
This week, Social Security turned 88 years old. And for those 88 years, it’s made each payment in full and on time.
But the future of Social Security is under threat by politicians who seek to cut and privatize our earned benefits and by rising income inequality, which results in less money going toward the Social Security trust fund.
That’s because taxpayers only pay into Social Security on their first $160,200 in wages, so as more and more income goes to the highest-income 1%, less is being contributed to Social Security. In fact, millionaires stop paying into Social Security in February of each year!
We’re fighting to keep Social Security strong for the next 88 years by demanding we scrap the Social Security payroll tax cap to ensure millionaires start paying their fair share into Social Security.
Donate $8.80, $88, or whatever you can afford today to celebrate Social Security’s 88th Birthday and demand the wealthy start paying their fair share.
Before Social Security, 50% of seniors lived in poverty. Today, that number is less than 10%―still too high, but a major improvement for the 50 million seniors who rely on Social Security each year and their families.
We’re fighting for legislation that protects and expands Social Security because we know that when the wealthy pay their fair share of taxes, we can expand benefits, improve cost of living adjustments, and raise the special minimum benefit to ensure everyone can retire with dignity.
Donate today to fight for the future of Social Security―paid for by ensuring the wealthy are paying their fair share.
Thank you,
Sarah Christopherson
Legislative and Policy Director
Americans for Tax Fairness Action Fund
-- David's email --
John,
For 88 years, Social Security has made each payment in full and on time. But Social Security’s legacy is under threat by Wall Street and their bought-and-paid-for members of Congress who seek to cut and privatize our earned benefits.
They want us to believe that Social Security is going broke and that it won’t be there for future generations. But as Senator Sheldon Whitehouse recently said in a hearing on his Medicare and Social Security Fair Share Act:
"We CAN protect Social Security for all without cutting benefits. AND we get to end unfair tax dodges that let those at the top play by a different set of rules than everyone else."
Right now, taxpayers only pay into Social Security on their first $160,200 in wages. That means that millionaires stop paying into Social Security in February even as most of us pay all year long on all our wages. It's time for Congress to scrap the Social Security payroll tax cap to ensure millionaires start paying their fair share into Social Security!
On Social Security’s 88th birthday, donate $8.80, $88 or whatever you can afford to fight to protect Social Security for current and future generations.
Whether it’s Social Security, healthcare, housing, nutrition, or other critical services for working people and seniors, when the wealthy pay their fair share of taxes, we can afford to invest in our future.
Thank you,
David Kass
Executive Director
Americans for Tax Fairness Action Fund
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