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SickOfTheOnePct

(8,234 posts)

45. Well, they wouldn't be increasing it by 12 points on everyone

Thu Jul 24, 2025, 08:37 PM

Jul 24

With median individual income being around $54,000/year, it would be on far less than half of workers.

And if they are able to eliminate the cap and feel like they can raise income taxes to meet other needs, fine, do it. But any increase in the cap should be purely for Social Security.

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Social Security Recipients Set to Get Benefit Cuts [View all] applegrove Jul 24 OP

That 50 billion and rural white American still won't help.................... Lovie777 Jul 24 #1

We are all fucked Hornedfrog2000 Jul 24 #8

I respect you for taking in your parents. markodochartaigh Jul 24 #19

This message was self-deleted by its author PeaceWave Jul 24 #2

I remember when Obama tried to do something about looming SS deficits. He was bashed mercilessly by GOPers and Dems. Silent Type Jul 24 #3

Republicans will not do anything with Social Security. Wiz Imp Jul 24 #13

So, they'll do nothing and around 2033 SS will be cut by 20% automatically. Silent Type Jul 24 #24

No way. Cooler heads will prevail. How could they not? nt babylonsister Jul 24 #46

I'd like to agree but.... Bettie Jul 24 #50

There are no cooler heads in the GOP. Irish_Dem Friday #58

Is this sarcasm? NickB79 Friday #66

I remember when Al Gore proposed markodochartaigh Jul 24 #20

Like many things, Gore was right. Climate progress under his admin would have been a huge step forward. Alas... Evolve Dammit Jul 24 #29

The supremacist court markodochartaigh Jul 24 #43

And the people bussed down to disrupt the recount included Bolton and Stone. Evolve Dammit Friday #61

It isn't failure honor the US debt the Trust Fund holds that is the problem exboyfil Friday #60

I remember Al Gore in 2000 trying to protect social security mdbl Friday #64

They need to just lift the cap n/t SickOfTheOnePct Jul 24 #4

So simple Rebl2 Jul 24 #6

The corporate lobby against raising the cap is probably fierce. Lonestarblue Jul 24 #14

I thought Rebl2 Jul 24 #16

I think state employees like teachers and police do not pay SS because they have state pensions. Lonestarblue Jul 24 #17

Correct Rebl2 Jul 24 #18

Most teachers do pay SS taxes except in 15 states where they are exempt wishstar Jul 24 #32

But if they ever worked any other jobs with FICA deductions , they will get benefits. Pres Joe Biden signed the Social ancianita Jul 24 #21

Federal employees Ananda62 Jul 24 #22

Was a Fed from 1970 to 1985 and then did not pay in to SS. PufPuf23 Friday #56

Some do Some Do Not TBA Friday #62

No chance, other than a small increase. If we can increase taxes by 12 percentage points by removing cap, we need Silent Type Jul 24 #25

Sorry, but if they lift the cap on Social Security taxes... SickOfTheOnePct Jul 24 #35

Well, yeah, if they do. Point is if Congress can increase taxes by 12 points, it needs to go to many things. SS is not Silent Type Jul 24 #42

Well, they wouldn't be increasing it by 12 points on everyone SickOfTheOnePct Jul 24 #45

A Second Thing To Do ProfessorGAC Jul 24 #26

I think the outlays would have to go up some... SickOfTheOnePct Jul 24 #37

No, they just need to cut benefits for mothers, raise retirement ages, and shift money to private accounts lostnfound Jul 24 #36

Maybe my calculations are off... SickOfTheOnePct Jul 24 #39

The criteria to achieve maximum benefits lostnfound Jul 24 #49

That's not what it said at the link but ok n/t SickOfTheOnePct Friday #52

Great... Mr.Bee Jul 24 #5

Well, I guess I'll just have to live it up until I run out of money. The Madcap Jul 24 #7

More tax breaks for the rich! Kid Berwyn Jul 24 #9

And it would happen because of the massive growth in income inequality not fooled Jul 24 #10

After 22 years on SS at140 Jul 24 #11

Agreed!!! Stargazer99 Jul 24 #41

I've already had to go back to work part time when Biden was in office Kaleva Jul 24 #12

"Ha ha. Senior Suckers. Ha ha!" - G.O.P. BoRaGard Jul 24 #15

Republicans will rightfully get crucified at the polls I hope and maybe in real-life as well. cstanleytech Jul 24 #23

Hope you are right, because we will literally need to have a blue trifecta in 2028 GoodRaisin Friday #53

Take with a grain or two of salt - the cited analysis is from CPRFB, Ocelot II Jul 24 #27

Thanks. applegrove Jul 24 #28

Yep... Smokster Jul 24 #44

Four high level Democratic officials - in their 2024 SS Trustees report projected a 2035 depletion date progree Friday #69

...Not going to happen, in my view. whathehell Jul 24 #30

Some day, when I am long dead, we'll learn the Trump presidency was illegitimate...and, thus, so was this bill. Joinfortmill Jul 24 #31

My H worked for the State of NY. He paid into SS and receives a pension. Ditto for my mother who was a teacher Raftergirl Jul 24 #33

Of course. Fascists have no use for seniors or retirement. All they want is for people to drop dead so they can penny Karasu Jul 24 #34

And why do retirees so stupidly vote R, year after year? FakeNoose Jul 24 #38

Turkeys voting for Thanksgiving dinner. Irish_Dem Friday #59

Because they don't believe THEIR benefits will ever be cut. Mariana Friday #70

Anything that draws down the Trust Fund more quickly does the same thing. Igel Jul 24 #40

1+ Norrrm Jul 24 #47

Bullshit. valleyrogue Jul 24 #48

Thank you! Shines a different light on this -eom vanessa_ca Friday #63

Are there no prisons? DBoon Friday #51

GOP: "so what, they're just going to die anyway" Jack Valentino Friday #54

Gen X is smallest cohort so we will get screwed IbogaProject Friday #55

Take it from the goddamned billionaires any way we can. Give nothing back, by G-d. rickyhall Friday #57

They need to lift the cap. patphil Friday #65

CFRB wants cuts to SS and other entitlement programs pbmus Friday #67

I'm sorry, but I don't believe any "non partisan" organization whathehell Friday #73

You think people need to vote.....................after there parents come to live with them.............. turbinetree Friday #68

And you turn your livingroom into their bedroom applegrove Friday #72

Hey fuckheads. Stop yelling woe is me and come up with a plan. twodogsbarking Friday #71