TELL CONGRESS: Teachers, nurses, and customer service workers all pay a
greater percentage of their incomes in Social Security taxes than Elon
Musk and Jeff Bezos. It’s time to end this unfair, outrageous tax
loophole. Sign the petition: End tax breaks for the ultra-wealthy and
expand Social Security!
[ [link removed] ]ADD YOUR NAME
Hi,
While billionaires like Elon Musk take advantage of the broken American
tax system, many seniors are struggling to get by.
While House Republicans try to slash Social Security, Senator Bernie
Sanders is fighting to protect and expand benefits. Sen. Sanders said
recently, “It is absurd that a billionaire in America today pays the same
amount of Social Security taxes as someone making $168,000 a year.”^1
Teachers, nurses, and customer service workers all pay a greater
percentage of their incomes in Social Security taxes than Elon Musk and
Jeff Bezos. It’s time to end this unfair, outrageous tax loophole for the
rich and strengthen one of America’s most important social safety net
programs.
[ [link removed] ]Sign the petition: Protect and expand Social Security! It’s time to get
rid of the ridiculous cap on Social Security taxes for millionaires and
billionaires.
ADD YOUR NAME
The vast majority of workers pay into Social Security all year long, but
millionaires and billionaires don’t have to because of the cap on Social
Security taxes.^2 The Social Security Board recently released a report
concluding that Social Security will have a funding shortfall without tax
increases on the rich.^3 This is a crisis for the American social safety
net.
Big corporate CEOs only pay Social Security taxes at the very beginning of
the year — then, their massive salaries roll into their bank accounts
without paying into the program. This is not how our tax system should
work. And it’s not how a democracy should function.
Instead of doing what the American people demand and making the wealthy
pay their fair share, Wall Street-funded politicians are trying to set up
a closed-door commission to cut Social Security in secret. We can’t let it
happen.
[ [link removed] ]Sign the petition to Congress: Scrap the Cap, protect Social Security,
and make the ultra-wealthy pay their fair share!
Thanks for taking action,
Joey and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Senator Bernie Sanders on Twitter, “It is absurd that a billionaire in
America today pays the same amount of Social Security taxes...”
[ [link removed] ]September 5, 2024.
2. Common Dreams, “Calls to 'Scrap the Cap' Grow as Millionaires Stop
Paying Into Social Security for the Year,” [ [link removed] ]February 28, 2023.
3. CBS News, “Social Security projected to cut benefits in 2035 barring a
fix,” [ [link removed] ]May 7, 2024.
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