The Social Security Expansion Act, introduced by Sens. Bernie Sanders and Elizabeth Warren—along with its House counterpart, introduced by Reps. Jan Schakowsky and Val Hoyle—would require the wealthy to contribute into Social Security on ALL of their income over $250,000.
The revenue raised would increase Social Security's currently modest benefits and keep the program strong through the end of this century and beyond. Here's why it's so important that this bill be passed.
This week, people making $1 million or more in wages stopped paying into Social Security for the year. They got a big raise in their take-home pay. But you and I did not. 94% of workers pay into Social Security all year long.
But the ultra-rich take most of the year off from contributing to Social Security.
That's not right!
Right-wing politicians and cable news pundits say that we "can't afford" Social Security. Their solution? CUT benefits for working people like us, who've paid into the program for our entire working lives.
They never suggest that if the wealthiest people in America paid into Social Security all year long—just like the rest of us do!—we could afford to not just protect but expand benefits. 72% of Americans―including 51% of Republicans―support expanding, not cutting, Social Security by requiring the ultra-rich to pay their fair share. Passing this bill won't be easy, but we won't give up.
Will you please chip in any amount right now and join the fight to make the rich pay their fair share, and build momentum to EXPAND Social Security?