An open letter to the U.S. Congress

Repeal Billionaire Tax Cuts & Raise Income Cap to Protect Social Security

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The Social Security Trust Fund is now projected to run out of money in 2032, a year sooner than previously expected. When the trust funds are fully depleted, benefits will be cut by more than 20% across-the-board. This accelerated timeline demands immediate congressional action. Recent legislation has made this crisis more imminent. The Social Security Fairness Act increased benefits for certain public pensioners, and the so-called "one big beautiful bill" reduced tax rates that seniors pay. While these measures may have had individual merit, they worsened the program's financial stability without addressing revenue shortfalls. Congress created this problem and must fix it now. I urge you to support two critical reforms. First, raise the income cap on Social Security taxes to $400,000 or higher. Currently, high earners stop contributing to Social Security after their income exceeds a much lower threshold, creating an inequitable system where middle-class workers pay a higher percentage of their income than wealthy individuals. Raising this cap would significantly strengthen the trust fund while ensuring those who benefit most from our economy contribute their fair share. Second, HR1, the "one big beautiful bill" reduced revenue flowing into Social Security at precisely the moment when the program needs more resources, not fewer. The math is straightforward: you cannot cut taxes and expect a pay-as-you-go system to remain solvent. Additionally, recent immigration enforcement policies are shrinking the workforce that is contributing payroll taxes to Social Security and Medicare. This represents a net loss to both programs at a time when every dollar of revenue matters. Seniors who paid into Social Security their entire working lives should not face benefit cuts because Congress failed to act responsibly. The 2032 deadline is not distant. I expect you to prioritize legislation that raises the income cap to at least $400,000 and repeals the provisions of OBBB that threaten Social Security's solvency. These are solvable problems requiring political courage, not excuses.

▶ Created on February 27 by Karla

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