• Improve the Long Term Financial Condition of the Trust Fund: Social Security is not in crisis, but does face a long-term deficit. To help extend the life of the trust fund the Act phases out the current taxable cap of $113,700 so that payroll taxes apply fairly to every dollar of wages.It would be nice if they also severely restricted or eliminated the tax breaks for 401k's and to a lesser extent IRA's, and used that to make SS even more generous, but that's asking for the stars when you're offered the moon.
Friday, May 17, 2013
Go Sign It
Counter the austerian nut-jobs, and sign onto this petition for Congress to cosponsor a bill to strengthen Social Security. I like it. My favorite part is this: