Currently Social Security is in a massive rut. I don’t believe we should be doing away with the system as several people rely on this throughout retirement and unwinding at this point is not possible. One of the easiest fixes is eliminating the cap on these contributions. Today once an employee hits 160K in earnings they no longer pay into social security. Simply eliminating this limit would assist in the projected shortfalls.
Related Topics
Policy | Replies | Views | Activity | |
---|---|---|---|---|
Remove Cap From Social Security Tax Collection | 0 | 10 | November 14, 2024 | |
Remove Social Security Income Limits | 1 | 17 | December 12, 2024 | |
Spending | 0 | 4 | November 11, 2024 | |
Eliminate the income limits for people collecting social security early | 0 | 4 | December 12, 2024 | |
Funding Social Security/ Medicare | 1 | 10 | November 9, 2024 |