John,

This week, millionaires stop paying into Social Security. That’s because once you earn $168,600 in 2024, you stop contributing to the program. And someone making $1 million a year gets their first $168,600 in roughly 60 days. For a billionaire? They make that much within the first two hours of the year![1]

But if millionaires and billionaires paid into Social Security on a larger share of their income―like everyone else does who makes under $168,600―we could not only expand Social Security for millions of people, we could strengthen the Trust Fund into the next century.

And, there are several plans in Congress to do just that.

Donate $5 today to tell Congress to lift the Social Security payroll tax cap and demand millionaires and billionaires contribute their fair share to Social Security.

To counter GOP attempts to cut our earned benefits, Senators Bernie Sanders (I-VT) and Elizabeth Warren (D-MA) have introduced the Social Security Expansion Act of 2023, which would increase benefits by $2,400, extend the lifespan of the Trust Fund by 75 years and make other improvements to the program. And, it’s completely paid for by scrapping the payroll tax cap on incomes over $250,000―meaning that millionaires and billionaires would finally start paying more of their fair share.[2]

In the House, Rep. John Larson (D-CT) has previously introduced the Social Security 2100 Act, which would affect just the top 0.4% of wage earners. It would fulfill the promise of our Social Security system by improving benefits for millions of seniors living in poverty and extending the lifespan of the Trust Fund―once again, paid for by making the wealthy pay more of their fair share.[3]

At this time of deep financial insecurity for millions of people, Social Security’s future could not be more important. Donate today to fight to expand our earned benefits and extend the lifespan of the Social Security Trust Fund―paid for by making millionaires and billionaires pay their fair share.

If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:

David Kass
Executive Director
Americans for Tax Fairness Action Fund

[1] 200 People Already Paid Their Social Security Taxes: Happy New Year!
[2] NEWS: Amid Republican Threats to Social Security, Sanders, Warren, Schakowsky, Hoyle, and Colleagues Introduce Legislation to Increase Benefits and Extend Solvency Through 2096
[3] The Social Security 2100 Act