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GIVE NOW to Protect
and Strengthen Social Security!
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Dear John,
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This month, millionaires will receive a sweet gift from the government: They will stop paying into Social Security because they’ve reached the $142,800 income threshold.
While the wealthy pay Social Security tax on just a fraction of their income, the majority of Americans, including you, have paid or are currently paying it on every dollar they earn. At a time when growing numbers of Americans are counting on Social Security for a secure retirement, Congress should get rid of this outrageous millionaires’ tax loophole that is starving Social Security!
That’s why your backing is urgently needed right now! Please make a donation of $10 or $5 to support the National Committee’s fight to pass legislation in Congress that would re-institute the payroll tax above $400,000 a year in wages, which would bring in vital revenue to extend Social Security’s solvency and boost benefits.
We must adjust the wage cap on Social Security which prevents billions of additional dollars from flowing into the Social Security Trust Fund. Most Americans agree that requiring millionaires and billionaires to pay their fair share into Social Security is the easiest and most effective way to strengthen Social Security’s finances, negating the need for harmful benefit cuts like means testing or raising the retirement age.
Doing nothing is not an option. We can no longer afford to starve Social Security of vital funds! Raising the retirement age, cutting the Cost-of-Living Adjustment (COLA) and outright privatization are all benefit cut proposals touted by the powerful anti-Social Security lobby and its supporters in Congress as the best ways to close Social Security’s eventual shortfall that will begin in 2035, after which it would still be able to pay 79% of benefits.
Yet these dangerous proposals would devastate the future of Social Security! So please give what you can today to support our urgent campaign to fix this gross disparity in what working Americans and the wealthy contribute to Social Security!
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| Sincerely, |
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Max Richtman
President & CEO
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