- United States
- Tenn.
- Letter
Raise the cap on Social Security payroll withholding. The trustees report just moved the OASI trust fund depletion date to late 2032 — three months earlier than last year's projection — and the chief actuary has already flagged that Trump's tax law is making things worse. This is your job. Fix it.
If the fund runs dry, retirees lose 22% of their benefits overnight. That's roughly $500 a month for the average recipient. Social Security is the majority of income for 43% of seniors — this isn't an abstract budget problem, it's a survival issue for tens of millions of people. Congress solved a similar crisis in 1983. The tools exist. Raising the earnings cap is the most straightforward way to bring in the revenue needed without cutting benefits or gutting disability insurance. Do it.