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workinclasszero

(28,270 posts)
Wed Jan 30, 2019, 01:12 PM Jan 2019

House Democrats Unveil Social Security Expansion Bill With Unprecedented Support

Rep. John Larson believes his plan to increase benefits will pass the House.

By Daniel Marans POLITICS 01/30/2019 08:45 am ET

In less than a decade, mainstream Democrats in Congress have gone from entertaining Social Security cuts to almost universally endorsing the program’s expansion.

With Democrats in charge of the House for the first time since this tidal shift upended party orthodoxy, senior members of Congress are setting the stage for the legislative chamber to increase Social Security benefits, bringing a onetime liberal pipe dream a step closer to law.

Democratic Reps. John Larson (Conn.), Conor Lamb (Pa.) and Jahana Hayes (Conn.) are introducing the Social Security 2100 Act on Wednesday, legislation that would expand Social Security benefits across the board and prolong the program’s solvency for the next 75 years and beyond. The legislation finances a more generous benefit and cost-of-living adjustment formula, a reduction in income taxes on benefits and the closure of Social Security’s long-term funding gap by lifting the cap on income subject to payroll taxes and raising those tax rates.

The bill is being rolled out on the 137th birthday of President Franklin D. Roosevelt, who established Social Security as part of his New Deal in 1935.

The bill already has the support of more than 200 House Democrats, including House Ways and Means Committee Chairman Richard Neal (D), who relied on Social Security payments to help pay for college after his father died.


https://www.huffingtonpost.com/entry/john-larson-expand-social-security-bill-pass-house_us_5c50f4fee4b0f43e410c06e9
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House Democrats Unveil Social Security Expansion Bill With Unprecedented Support (Original Post) workinclasszero Jan 2019 OP
But since this helps ordinary people, Republicans will be against it. Buckeyeblue Jan 2019 #1
McConnell will never put it to the floor. ooky Jan 2019 #4
+1 workinclasszero Jan 2019 #6
The Democratic House needs to keep passing the bill DirtEdonE Jan 2019 #13
100% agree! workinclasszero Jan 2019 #22
That wouldn't work quite the way you expect FBaggins Jan 2019 #26
That's why Republicans kept passing bills to repeal ACA. JustABozoOnThisBus Jan 2019 #31
It's important to remember the criticism that we heaped on the GOP for ehrnst Jan 2019 #40
True. The difference is that this bill actually helps almost every poor and middle class person. Caliman73 Jan 2019 #62
and keep passing pro-citizen bills Hermit-The-Prog Jan 2019 #16
Exactly! workinclasszero Jan 2019 #23
Another point to press........... MyOwnPeace Jan 2019 #34
Yup workinclasszero Jan 2019 #35
McConnell is the true enemy of the people world wide wally Jan 2019 #47
Expos him with Internet ads malaise Jan 2019 #64
YEP Cosmocat Jan 2019 #20
Well... it helps ordinary people after they retire FBaggins Jan 2019 #24
More like 5% if the cap is lifted, not 20%. Which is what this bill proposes. haele Jan 2019 #32
The bill proposes BOTH a FICA rate increase and lifting the cap FBaggins Jan 2019 #46
Where do you get the 20%? watoos Jan 2019 #33
1.2% is 1/5th of the current 6% FICA FBaggins Jan 2019 #43
I don't like reducing it to a simple "x%" increase. That always used to make things sound worse. oldsoftie Jan 2019 #53
Ah, I see, statistics don't lie. watoos Jan 2019 #67
Let me tell you, the very, very well off sign up for Social Security and Medicare Texin Jan 2019 #36
You are correct. Cold War Spook Jan 2019 #37
Essentially correct FBaggins Jan 2019 #44
50 cents a week in higher taxes per the article NickB79 Jan 2019 #58
That's wrong though TexasBushwhacker Jan 2019 #60
Both are correct FBaggins Jan 2019 #61
Ah, I forgot about the phase in TexasBushwhacker Jan 2019 #63
What it will show DownriverDem Jan 2019 #28
Excellent news.... doompatrol39 Jan 2019 #2
Yes! workinclasszero Jan 2019 #3
Social Security doesn't contribute to the debt watoos Jan 2019 #10
2 separate thoughts/ideas..... doompatrol39 Jan 2019 #11
Medicare for all is a lot different than single payer health care. watoos Jan 2019 #38
Uh....I know? doompatrol39 Jan 2019 #45
Bears repeating : littlemissmartypants Jan 2019 #12
K & R SunSeeker Jan 2019 #5
K & R ... + 1,000,000 MFGsunny Jan 2019 #7
That's the same survivor benefits that Paul Ryan used bigbrother05 Jan 2019 #8
Social Security Enhancement ... not an expansion 4139 Jan 2019 #9
I'd rather talk about lowering the retirement age, but this is still great Recursion Jan 2019 #14
Just a guess, but thinking we're a lot more likely to see Hortensis Jan 2019 #19
Andrew Yang 2020! Recursion Jan 2019 #21
:) Wait. Hope. Unfortunately, we're not in as good a position Hortensis Jan 2019 #25
Don't really know about lowering the retirement age. Cold War Spook Jan 2019 #41
Lamb is my rep... biglib63 Jan 2019 #15
Great start to the session! Power 2 the People Jan 2019 #17
While I welcome the support of Chairman Richard Neal... Moostache Jan 2019 #18
As the parent of a college student xmas74 Jan 2019 #48
We also need to stop pushing college so hard on everyone. Technical school is a great option. oldsoftie Jan 2019 #57
Democrats are being very liberal IronLionZion Jan 2019 #27
Link MagicPond Jan 2019 #29
Right here workinclasszero Jan 2019 #30
Fantastic. A ray of hope. zentrum Jan 2019 #39
Everything Dems put forward has to have all kinds of bulletproofing built in to prevent future... BamaRefugee Jan 2019 #42
Wait, what? REDUCTION in income tax on benefits? Fritz Walter Jan 2019 #49
YES! ProfessorPlum Jan 2019 #50
nice idea, won't get a vote in the Senate or trumps signature beachbum bob Jan 2019 #51
Maybe not, but it gives us wonderful satisfaction that at140 Jan 2019 #59
Tax law enid602 Jan 2019 #52
Actually, it didnt. oldsoftie Jan 2019 #54
Tax law enid602 Jan 2019 #55
Income tax revenues are up, but so is spending. As usual. But revenues SHOULD be up, oldsoftie Jan 2019 #56
Tax law enid602 Jan 2019 #71
In '18, income tax revenues were up, corporate taxes were down. oldsoftie Jan 2019 #72
This is chained CPI with a cap raise and a poverty exception. joshcryer Jan 2019 #65
KILL the cap KILL the cap! pansypoo53219 Jan 2019 #66
Why the rate increase? JT45242 Jan 2019 #68
As a senior, I am 100% in favor this, IF we can pay for it. Honeycombe8 Jan 2019 #69
I wish those dems well but... StarzGuy Jan 2019 #70

Buckeyeblue

(5,499 posts)
1. But since this helps ordinary people, Republicans will be against it.
Wed Jan 30, 2019, 01:17 PM
Jan 2019

But I predict that 45 gets behind it. Just a hunch. He might offer to trade this for the wall. Might be a tempting deal...Or maybe not.

Sounds like a good 2020 issue to run on.

ooky

(8,908 posts)
4. McConnell will never put it to the floor.
Wed Jan 30, 2019, 01:33 PM
Jan 2019

But the House needs to go ahead and pass the bill so that Americans can see what the future holds for them if they elect Dems to a trifecta in 2020.

 

workinclasszero

(28,270 posts)
6. +1
Wed Jan 30, 2019, 01:40 PM
Jan 2019

Yes the Democratic House should pass it and let the GOP Senate kill it, if that's what the bastards will (undoubtedly) do.

Show the American electorate exactly who is on their side and who is on the side of the filthy rich!

Lay it all out for 2020 to mute the Fox noise/hate radio propaganda ahead of time!

 

DirtEdonE

(1,220 posts)
13. The Democratic House needs to keep passing the bill
Wed Jan 30, 2019, 02:45 PM
Jan 2019

And keep sending it to the senate so people can see over and over again just who and what the problem is. That's the way the did it in the old days. Vote it through and send it up until mcconnell and the rest of the GOP traitors in the senate choke on it.

FBaggins

(26,721 posts)
26. That wouldn't work quite the way you expect
Wed Jan 30, 2019, 03:26 PM
Jan 2019

When the House passes a bill, it's viable until the end of the term unless the Senate takes it up and votes it down.

Instead, the Senate will let it die in committee (perhaps with hearings, perhaps without, depending on how they view the optics). There wouldn't be any reason for the House to pass it again.

JustABozoOnThisBus

(23,325 posts)
31. That's why Republicans kept passing bills to repeal ACA.
Wed Jan 30, 2019, 03:40 PM
Jan 2019

It played to their base, and they knew it wouldn't harm anyone, as Obama would veto them all.

That was good right-wing PR.

So Dems can do this. The difference: if this one actually passed and got signed, nobody would get hurt. Even high-wage workers wouldn't notice that the SS deduction didn't stop at some point in the year. They make enough to not worry about it.

 

ehrnst

(32,640 posts)
40. It's important to remember the criticism that we heaped on the GOP for
Wed Jan 30, 2019, 03:53 PM
Jan 2019

calling dozens of votes for "repeal and replace" that they knew would never make it to POTUS's desk.

Caliman73

(11,726 posts)
62. True. The difference is that this bill actually helps almost every poor and middle class person.
Thu Jan 31, 2019, 01:36 AM
Jan 2019

The Republicans had a base of really stupid people who bought into the whole "Obamacare is horrible" BS even though most people liked the ACA and the benefits in the bill.

We scorned the Republicans because they were wasting everyone's time in voting on a bill that was harmful to others, that they knew would not make it in the Senate of past the veto.

This bill is about expanding benefits without much cost to anyone other than the wealthier among us. If the Democrats can talk it up correctly, it may get more people out to vote and in 2020 we can really pass it.

Hermit-The-Prog

(33,261 posts)
16. and keep passing pro-citizen bills
Wed Jan 30, 2019, 02:50 PM
Jan 2019

That should be demonstrated over and over:

"Show the American electorate exactly who is on their side and who is on the side of the filthy rich!"

MyOwnPeace

(16,919 posts)
34. Another point to press...........
Wed Jan 30, 2019, 03:45 PM
Jan 2019

this bill only came about BECAUSE it is now a Democratic House. It never would have come out of Cubby Paul Ryan's House, even though it was Social Security benefits that Paul Ryan was able to use after the loss of his Father.

 

workinclasszero

(28,270 posts)
35. Yup
Wed Jan 30, 2019, 03:48 PM
Jan 2019

Ryan another POS hypocrite libertarian that benefited from ...gasp!... social(ism) security then tried like hell to destroy it!

FBaggins

(26,721 posts)
24. Well... it helps ordinary people after they retire
Wed Jan 30, 2019, 03:23 PM
Jan 2019

Those that are still working would see 20% increases in their FICA tax (and possibly a pay cut to pay for their employers' 20% increase).

haele

(12,640 posts)
32. More like 5% if the cap is lifted, not 20%. Which is what this bill proposes.
Wed Jan 30, 2019, 03:43 PM
Jan 2019

5% of 2% isn't a huge increase. And if they do the same to Medicare for "Medicare for all", more people will be able to afford their health care also.

Health care and pensions/old age insurance will cost money anyway. As most Americans pre-1950 well understood. Mortality was pretty high, and my mom remembers walking to school once when she was 7 or so - back in 1945/46 - and seeing the homeless neighborhood drunk "asleep" - or rather dead - in the street before the coroner could come out and carry the body off. Her mother painfully died a few years later of what was even then preventable and treatable cancer with surgery because as working class folks, they just didn't have the money, and there was no Social Security Survivor's benefit for the kids to help Pappy cope, even though both her mom and dad had Social Security numbers and both worked until her mom got sick.

I look at SSI and FICA as a way of insuring that not only will there be a safety net, but that everyone has "skin in the game" to maintain a healthy society. If you're getting a valuable service for the taxes, even a delayed service, it's a good thing.

Haele

FBaggins

(26,721 posts)
46. The bill proposes BOTH a FICA rate increase and lifting the cap
Wed Jan 30, 2019, 04:48 PM
Jan 2019

5% of 2% isn't a huge increase.

Not sure where those figures come from. The current FICA rate is 6% for the employer and 6% for the employee. A 1.2% increase in the rate for each is an overall 20% increase in dollars paid.

 

watoos

(7,142 posts)
33. Where do you get the 20%?
Wed Jan 30, 2019, 03:44 PM
Jan 2019

The article says that the bill proposes a 1.2% increase in FICA taxes. The FICA tax is really like an insurance policy as the article states, that people should not be upset in paying if they are going get reimbursed when they retire.

oldsoftie

(12,492 posts)
53. I don't like reducing it to a simple "x%" increase. That always used to make things sound worse.
Wed Jan 30, 2019, 09:24 PM
Jan 2019

I remember in Ga, when they raised the sales tax from 3 to 4%, the opposition screamed about a "33% tax hike!!!!"

 

watoos

(7,142 posts)
67. Ah, I see, statistics don't lie.
Thu Jan 31, 2019, 08:19 AM
Jan 2019

I see a similar use of statistics on TV every day now when cable news anchors use % of Trump's base favor this and that. The thing is that Trump's base is shrinking and he is being left with his hard core supporters.
As Trump voters leave him the % of his base who support something is going to go up but the actual number is less. I guess I'm off topic but it is clever to use 20% instead of 1.2%. both numbers are correct.

Texin

(2,590 posts)
36. Let me tell you, the very, very well off sign up for Social Security and Medicare
Wed Jan 30, 2019, 03:49 PM
Jan 2019

and take full advantage of both programs. They may not need it, but they'd damned well be pissed off if it ever got taken away from them. Many of the diehard MAGAts would stroke out if anybody put their hands on those benefits. The major reason the rethugs have not won that battle of cutting benefits or doing away with them altogether is because their own base would ride their asses out of the Congress on a burning rail. So I say, let the Dems announce this proudly and loudly, on the airwaves and in the Twitterverse, and let the rethugs squirm as the people give them hell for not making it happen and to override tRump's veto. Let them be the ones to be exposed for the modern robber barons who can only enact legislation FOR their .01%+ and, of course, their Russian masters.

 

Cold War Spook

(1,279 posts)
37. You are correct.
Wed Jan 30, 2019, 03:50 PM
Jan 2019

People do not realize that an employer knows how much it will cost to have an employee. Besides their pay, there is Social Security, maybe health insurance, workers comp plus other things I don't know about since I was never an employer. If the total is $20/hour first they subtract everything that is not the pay and that is what the employee gets. If anything goes up, the employee's pay probably won't go down but the next raise will be lower of not at all. I hope I made sense.

FBaggins

(26,721 posts)
44. Essentially correct
Wed Jan 30, 2019, 04:44 PM
Jan 2019

I doubt that many employers would outright reduce takehome pay to offset the payroll tax increase... but you can bet that over the following year or two average raises would total about 1.2% less than they otherwise would.

TexasBushwhacker

(20,148 posts)
60. That's wrong though
Thu Jan 31, 2019, 01:02 AM
Jan 2019

A person making $50K a year makes $962 a week. 1.2% if that is $11.54 a week, not 50 cents.

FBaggins

(26,721 posts)
61. Both are correct
Thu Jan 31, 2019, 01:29 AM
Jan 2019

He proposes phasing in the increase over 24 years.

The full increase would be $23/week (including the employer)... but the first year would be .50/week if you only look at the half you pay directly.

TexasBushwhacker

(20,148 posts)
63. Ah, I forgot about the phase in
Thu Jan 31, 2019, 02:02 AM
Jan 2019

I certainly makes sense to phase it in over time, but I think 24 years is needlessly long. Phase it in over 12 years at .1% per year.

DownriverDem

(6,226 posts)
28. What it will show
Wed Jan 30, 2019, 03:34 PM
Jan 2019

Most we the people already know this, but it will show those who might have voted repub in the past just what bastards repubs are.

 

doompatrol39

(428 posts)
2. Excellent news....
Wed Jan 30, 2019, 01:21 PM
Jan 2019

...just as we finally seem to be coming around to accurately explaining top marginal tax rates, I'm hoping this means we are going to start explaining more clearly that Social Security and Medicaire have nothing to do with the deficit and should be expanded not cut.

If we didn't by now learn that deficits don't matter and the only people who ever say they do are Republicans when Democrats are in charge or the Very Serious™ people in the media.

 

workinclasszero

(28,270 posts)
3. Yes!
Wed Jan 30, 2019, 01:32 PM
Jan 2019

Deficits ONLY matter to republicans when democrats want to do something that benefits the average American citizen!

All the GOP deficit hawks disappear when its time to blow up the deficit in service to the 1% and business!!!!

That was made abundantly clear with Dump's failed Tax cut for the rich!

 

doompatrol39

(428 posts)
11. 2 separate thoughts/ideas.....
Wed Jan 30, 2019, 02:24 PM
Jan 2019

.....
1) Hammer home that SS and Medicare don't contribute to the deficit.

2) Hammer home the hypocrisy of Republicans who only care about deficits when it helps anyone other than the super rich.

The both intertwine when it comes to messaging.

 

watoos

(7,142 posts)
38. Medicare for all is a lot different than single payer health care.
Wed Jan 30, 2019, 03:50 PM
Jan 2019

I have Medicare and I pay a monthly premium which is deducted from my SS. I also pay a small deductible, and Medicare doesn't cover all of the costs of health care, it only covers around 80%.

Single payer health care like say Canada has, pays for everything, or pretty much everything.

bigbrother05

(5,995 posts)
8. That's the same survivor benefits that Paul Ryan used
Wed Jan 30, 2019, 01:51 PM
Jan 2019

even though as an heir to a family business they probably didn't really need them, but the GOP always says SS is an "entitlement" so it's ok.

Recursion

(56,582 posts)
14. I'd rather talk about lowering the retirement age, but this is still great
Wed Jan 30, 2019, 02:47 PM
Jan 2019

Glad to see Congress remembering it exists.

Hortensis

(58,785 posts)
19. Just a guess, but thinking we're a lot more likely to see
Wed Jan 30, 2019, 03:08 PM
Jan 2019

a universal basic income for all rather than lowering the retirement age in an era when people are living, and often choosing to work, much longer. Lowering the retirement age would specifically encourage age discrimination, which is already a severe national problem and devastating to many millions.

Notably, Hillary already believed in the need for a UBC in 2016, just didn't think she had the "numbers" to do it, and everything else, then.

Hortensis

(58,785 posts)
25. :) Wait. Hope. Unfortunately, we're not in as good a position
Wed Jan 30, 2019, 03:25 PM
Jan 2019

as Obama's administration left us in, and that probably has a great deal to do with it. The GOP has spent/transferred huge amounts of our national wealth and run up huge national debt -- undoubtedly not just with the usual intent of devastating our existing social programs but also of delaying what under continued Democratic control would otherwise have been an inevitable move to a UBC whose time has come.

 

Cold War Spook

(1,279 posts)
41. Don't really know about lowering the retirement age.
Wed Jan 30, 2019, 04:00 PM
Jan 2019

It should help people looking for a job. If you do retire young, I retired in 1995, you better have enough to do and the money to do it. I am 75 and if it wasn't for VA 100% service connected disability and our Social Security I would not be enjoying retirement.

Moostache

(9,895 posts)
18. While I welcome the support of Chairman Richard Neal...
Wed Jan 30, 2019, 03:02 PM
Jan 2019

and find his tale of being able to use SS benefits to manage college after losing his father, the reality of 2019 is SS benefits won't cover one class and books now let alone assist a student in making it through a 4-year undergrad degree.

Education funding and reform is a vital conversation for the nation to be having 10 years AGO, but every year we let another group of young people drown into life crippling debt chasing an education is a another year further behind we end up.

Expanding the social security net needs to be a holistic plan to garner the broadest support and to become a true national priority. We need to challenge each other more on just what exactly does citizenship MEAN instead of arguing over pointless walls and just talking about we will deny citizenship status to. To me, without a vibrant and functioning social safety net and future-oriented plan, we don't have a country, we have a geographical location and a bunch of people looking to put one over on us. THAT kind of "america" is not worth bothering to save.

xmas74

(29,671 posts)
48. As the parent of a college student
Wed Jan 30, 2019, 06:09 PM
Jan 2019

Social security benefits would help us out a bit. My daughter's father passed on several years ago. She received SS survivor benefits until she graduated from high school. The month she graduated was her last SS payment. And living in Missouri means that she would also lose her Medicaid benefits upon her 19th birthday. I have her covered now with insurance through my employer but it's an additional expense that is part of a budget with less money coming in.

My daughter is a scholarship student. Between scholarships, Pell and MO Access/Bright Flight her tuition and books are covered. An extension of SS would help cover incidentials such as gas to drive to the campus, activity and lab fees, basic supplies, car insurance, maybe the occasional cafeteria meal during finals week when she can't leave campus, clothes for her classes and nicer outfits for when she has her internship, some living expenses while during her internship, etc. There are so many things that must be paid for outside of tuition and books and if she was still able to receive SS it would be much easier for her to afford them.

oldsoftie

(12,492 posts)
57. We also need to stop pushing college so hard on everyone. Technical school is a great option.
Wed Jan 30, 2019, 10:35 PM
Jan 2019

And a HELLUVA lot cheaper. Graduate with little to no debt, and work a skilled job that pays very well. College has become a status symbol to so many. And many times its more the PARENTS than the students. And these days, a Bachelors degree isnt a big deal; "everyone" is getting their MASTERS now. MORE money. The cost of college rises faster than the cost of healthcare!

80% of the wealthiest people I know don't have college degrees at all.

IronLionZion

(45,380 posts)
27. Democrats are being very liberal
Wed Jan 30, 2019, 03:27 PM
Jan 2019

when Republicans control the Senate. I guess they've been inspired to be bold now and then shame the GOP come election time for blocking it.

BamaRefugee

(3,483 posts)
42. Everything Dems put forward has to have all kinds of bulletproofing built in to prevent future...
Wed Jan 30, 2019, 04:08 PM
Jan 2019

Republican skullfu*kery!

Fritz Walter

(4,291 posts)
49. Wait, what? REDUCTION in income tax on benefits?
Wed Jan 30, 2019, 06:21 PM
Jan 2019

How about eliminating the tax on this “income” stream, especially for beneficiaries who depend on this monthly stipend for survival? Especially when Medicare Part B premiums are withheld after tax. (A whole other topic, for which I’ll save for another post).


It wasn’t until Ronnie Raygun got into the Oval Office that this tax was imposed upon seniors, his contemporaries (at least chronologically, if not demographically). Now it is deeply ingrained into the federal budget, but if this proposed bill is already likely to arrive DOA on the Senate floor, why quibble over a matter of principle?
In for a penny...

at140

(6,110 posts)
59. Maybe not, but it gives us wonderful satisfaction that
Thu Jan 31, 2019, 12:03 AM
Jan 2019

We at least made an effort in the right direction.

oldsoftie

(12,492 posts)
54. Actually, it didnt.
Wed Jan 30, 2019, 09:26 PM
Jan 2019

Govt tax revenues are at an all time high.
Of course, without the cuts, they'd probably be even higher

enid602

(8,594 posts)
55. Tax law
Wed Jan 30, 2019, 09:51 PM
Jan 2019

There’s just so much conflicting information. Obama’s last deficit was $200B. Trump’s first was 700B. This past year was $1T. He’s requested authorization from Congress for a $1.5T deficit in ‘19. I thought this is due to his tax law.

oldsoftie

(12,492 posts)
56. Income tax revenues are up, but so is spending. As usual. But revenues SHOULD be up,
Wed Jan 30, 2019, 10:28 PM
Jan 2019

because we arent in a recession. The country gets larger every year, so every year we are expanding, we should also collect more income taxes. So without the tax cuts, the govt would STILL have likely gotten record receipts.
And even with the record revenues, an even larger number of people than before don't pay ANY income taxes (but thats another OP!).
Corporate revenues were down, which was also expected because they got the biggest tax cut.

enid602

(8,594 posts)
71. Tax law
Thu Jan 31, 2019, 12:31 PM
Jan 2019

I would counter that revenues arre going down, as the richest 15000 citizens are averaging $75 millón in annual ax savings. The tax benefit to corporations is incalculable. This tax law is the biggest income redistribution scheme in US history.

oldsoftie

(12,492 posts)
72. In '18, income tax revenues were up, corporate taxes were down.
Thu Jan 31, 2019, 06:45 PM
Jan 2019


And of course, govt spending was also up

Edit: I guess its too early for the whole FY18

joshcryer

(62,269 posts)
65. This is chained CPI with a cap raise and a poverty exception.
Thu Jan 31, 2019, 05:51 AM
Jan 2019

It's never passing the Senate, of course.

But it's the best plan we have.

JT45242

(2,248 posts)
68. Why the rate increase?
Thu Jan 31, 2019, 10:55 AM
Jan 2019

Everything I have ever read about Social Security would be that it would be solvent and could increase benefits simply by lifting the cap on earnings.

Because they did not do the simple solution, they left a cap -- they just move it to $400K.

Please, let's push them to do this the right way and simply remove the cap. All the improvements can be made and the tax rate on middle class folks won't have to go up.

Moving the rate to $400K, just means that someone making $1 million(super wealthy) is only paying social security on the first 40% so they get a 60% tax break over poor, middle class, and wealthy.

It is an improvement, but it still isn't right. It still gives preferential treatment to the super wealthy.

Honeycombe8

(37,648 posts)
69. As a senior, I am 100% in favor this, IF we can pay for it.
Thu Jan 31, 2019, 11:09 AM
Jan 2019

But I don't see how this passes. We'll see.

We need to win in 2020 and take over the Senate!!!

StarzGuy

(254 posts)
70. I wish those dems well but...
Thu Jan 31, 2019, 12:09 PM
Jan 2019

...there is virtually no chance that this bill will survive especially in the Senate run by pukes. As a retired person with disabilities I rely on my Social Security BENEFIT, that I paid in my entire working life. I struggle every day financially because the amount I receive along with my small federal pension just isn't sufficient to cover my expenses. I lost my home back in the early 2000's due to a serious illness. Though I managed to right my ship for a few years ultimately my illnesses peaked and I had to retire on disability. Then after a few years receiving disability benefits my federal pension benefit was cut by nearly $200 per month as I reached 62.5 years old when my pension was moved to regular retirement. Needless to say, that cut continues to cause me to become food insecure and unable to pay monthly bills. I depend on my local food bank and help from my best friend to at least survive. This is no way to live. I often wonder why I continue to...

So, I wish those dems good luck but I will not be holding my breath regarding this bill ever becoming law. Can you just imagine trump signing such a bill into law? Not gonna happen...

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