- United States
- Ore.
- Letter
Don't cut Social Security — make billionaires pay their share!
The 2026 Trustees Report confirms the trust fund runs dry in 2032, triggering an automatic 22% benefit cut. Trustees say the 2025 tax bill made it worse by cutting Social Security revenue. That was a choice — and cuts don't have to be the answer.
Fix this by:
1) Scrapping the payroll tax cap so income over ~$176k pays in too,
2) Taxing investment income/capital gains for Social Security, where billionaire wealth actually sits,
3) Reversing the 2025 tax bill provisions that drained the fund, and
4) Combining OASI/DI as a bridge — not an excuse to delay.
A 22% cut means homelessness and debt for seniors and disabled people on fixed incomes who paid in their whole lives. The money exists. Tax it fairly!