From Block cuts to Social Security <[email protected]>
Subject Sign the petition: Why are billionaires getting Social Security tax breaks?
Date October 19, 2024 3:57 PM
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TELL CONGRESS: Bernie Sanders is fighting to get rid of the tax loophole
that lowers Social Security taxes for Elon Musk and Jeff Bezos. It’s time
to end this unfair, outrageous loophole and expand benefits. Sign the
petition: End tax breaks for the ultra-wealthy and expand Social Security!
[ [link removed] ]ADD YOUR NAME

Hi,

Senator Bernie Sanders knows that it’s critical to continue the fight to
protect Social Security from GOP cuts AND expand Social Security by taxing
billionaires like Elon Musk.

Sen. Sanders said, “For almost 90 years, Social Security has, in good
times and bad, succeeded in keeping millions of senior citizens out of
extreme poverty. We must protect it at all costs.”^1

It’s unacceptable that millionaires and billionaires pay less of a
percentage of their income in Social Security taxes than teachers,
janitors, and every other working class American. 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 Social Security from Republican cuts and
EXPAND benefits by taxing millionaires and billionaires.

ADD YOUR NAME

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 one of the most egregious tax breaks in the broken
American tax code. And it’s not sustainable.

The Social Security Board released a report this year concluding that
Social Security will have a funding shortfall without tax increases on the
rich.^2 This is a crisis for one of the most important social safety net
programs in America.

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.

[ [link removed] ]Sign the petition: Make Elon Musk and Jeff Bezos pay more Social
Security taxes than working class Americans. Protect and expand Social
Security!

Thanks for taking action,

Joey and the team at Demand Progress

[ [link removed] ]DONATE

Sources:

 1. Senator Bernie Sanders on Twitter, “For almost 90 years, Social
Security has, in good times and bad, succeeded...” [ [link removed] ]October 13,
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.

 


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