1. United States
  2. Tenn.
  3. Letter

Tax the Wealthy to Save Social Security from Insolvency

To: Sen. Hagerty, Sen. Blackburn, Rep. Kustoff

From: A constituent in Brownsville, TN

April 2

I'm asking you to support legislation that raises taxes on the wealthiest Americans to shore up Social Security and prevent benefit cuts. Social Security faces a funding shortfall, but we don't need to slash benefits or raise the retirement age. We need to make the rich pay their fair share. Right now, Social Security taxes only apply to the first $168,600 of income. A teacher pays Social Security taxes on every dollar they earn, but a CEO stops contributing once they hit that cap, often by February. That's absurd. Lifting or eliminating the payroll tax cap on high earners would extend Social Security's solvency for decades without cutting a single benefit. Millions of seniors depend on Social Security to survive. Two-thirds of retirees rely on it for more than half their income. We cannot balance the budget on their backs while billionaires and corporations dodge taxes. I want to see you fight to protect Social Security by taxing wealth, not by cutting benefits for working people who paid into the system their entire lives.

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