John,
The Social Security Board of Trustees annual report has once again warned that if we do not take decisive action, the promise of a stable retirement for millions of Americans who have paid into the system their entire working lives will be broken.
In just over a decade, a wave of benefit cuts will impoverish retirees if we fail to act.
The Republican "solution" is to rip retirement security away from working Americans and hand it over to their cronies on Wall Street. Privatization would enrich the already wealthy while shattering the bedrock promise of a dignified retirement for those who have worked hard and played by the rules their whole lives.
The cap on Social Security taxes is a glaring loophole that allows millionaires and billionaires to skate by without paying what they owe to the society that enabled their success. Enough is enough. It's time to demand that the wealthiest Americans pay their fair share to protect Social Security.
Sign the petition to Congress: Protect and expand Social Security by making the ultra-wealthy pay their fair share.
There’s no reason why a CEO making $50 million a year should pay less of their income into Social Security than working families struggling to just get by.
Lifting the cap and making the wealthy pay a fair rate into Social Security, just like every other working American, would close the program's funding gap. It's a simple solution, but the millionaire class and their Republican lackeys fight it tooth and nail.
On one side, the forces of greed and private profit, are eager to swindle Americans out of the retirement benefits they've earned over a lifetime of honest work. On the other, are all of us who believe in the promise of shared prosperity and honoring our obligations to one another as a society.
The Social Security trust fund is not some handout –- it's a savings account that working Americans pay into with every paycheck, a pact that says if you work hard and contribute, you deserve the stability of a secure retirement.
Now is the time to keep that promise, not break it. Tell Congress to scrap the cap, tax the rich, and protect Social Security.
- Amanda
Amanda Ford, Director
Democracy for America
Advocacy Fund
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