Why a bipartisan pair of senators wants wealthy Americans to pay more into Social Security

[Yo_Mama_Been_Loggin]

A pair of unlikely collaborators is urging Congress to eliminate Social Security's payroll tax cap, arguing the change could raise trillions of dollars and help shore up the program's finances.

Democratic Sen. Elizabeth Warren and Republican Sen. Bernie Moreno made the case in a New York Times op-ed on Tuesday, arguing that scrapping the cap would bring billions of dollars into the system and extend "the solvency of Social Security for another generation."

The senators wrote: "We don't agree on everything, but here's one thing we do agree on: Congress must act now to save Social Security for generations of Americans to come."

The lawmakers noted that Social Security payroll taxes apply only to the first $184,500 of earnings in 2026, even if a worker's salary far exceeds that figure.

https://www.yahoo.com/news/politics/article/why-a-bipartisan-pair-of-senators-wants-some-americans-to-pay-more-into-social-security-162547905.html

[JT45242]

1. So simple even a Repunblican from Ohio can see it is a solution

Let's hope they can get the votes