SITUATION: Nearly all of us are covered by Social Security because nearly all of us contributed. But we don’t all contribute equally. High earners and wealthy individuals–like CEOs and corporate shareholders–effectively pay a lower Social Security tax rate on their income. Social Security taxes are collected only on the first $168,200 of earnings this year. That tax ceiling–known as the “cap”–is inequitable and unfair.
If we simply “Scrap the Cap”–getting rid of the ceiling altogether–millionaires would pay the same tax rate as middle-class families, which would make our economy more equitable, and dramatically improve Social Security’s long-term finances.
The Social Security 2100 Act (H.R. 4583) would not entirely scrap the cap, but is a strong step in the right direction. This legislation proposes increases in benefits across the board, plus enhanced cost-of-living adjustments, and a host of other improvements.
ACTION: Write or phone your Congress Member. Urge them to support the H.R. 4583! This would increase benefits across the board and improve cost-of-living adjustments, boosting benefits for low-income seniors and widows/widowers.
ALSO: Please share this message with friends, family and colleagues in the U. S.
Congresswoman Nancy Pelosi
90 7th Street Suite 2-800
San Francisco, CA 94103
Phone: (415) 556-4862
Click HERE to email.
Congresswoman Lateefah Simon
1023 Longworth House Office Building
Washington, DC 20515
Phone: (202) 225-2661
Click HERE to email.
Congressman Kevin Mullin
528 S El Camino Real UNIT 307
San Mateo, CA 94402
(650) 342-0300
Click HERE to email.
Click HERE to identify and contact other members of the House of Representatives.