Warren and Moreno urge lifting Social Security payroll tax cap

Jen21

My favorite part of this comment section is people ardently trying to econosplain CEO taxable income to Robert Freaking Reich. Like he's new or something.

Mike in MT12

The simplest fix ever- just make the oligarchs pay more. Doesn't even have to be based on 100% of their income- just 10-20% more would prob save it. They should pay 100% IMO but I'm a realist. Lots of Dems on the corporate money train too and they have their limits as far as doing the right thing.

Amanda P.11

With all the problems recent grads are having in the job market we should remove the cap on SS tax and LOWER the retirement age to 65 to bring it in line with the age of medicare eligibility. Free up those jobs for the young!

susanr58.bsky.social10

I've been saying raise the cap for years. It's the easiest solution.

Hillary Hillarious9

Good start but it doesn't address the fact that the ultra-wealthy's income doesn't come from earned income (think wages subject to W2 reporting).

georgebrenner.bsky.social7

This is a bold new idea that people have been suggesting for the past 40 years

MiamiBluebird 🏴󠁧󠁢󠁷󠁬󠁳󠁿 🇪🇺🇨🇦🇬🇱💙🇺🇦4

Removing the cap won’t fix the problem that many CEO’s and big business owners don’t pay themselves salaries, instead relying on stock dividends or sales, so pay close to zero Social Security. Tax Wealth, not Work!

DerMann514

And who votes to do that? The millionaire congressional representatives bribed by the billionaires not to do that? C'mon, Bob.

Chrislovesdogs4

Scrap the cap!! It’s the only logical solution.

sarahcconner.bsky.social4

Would this also eliminate the benefit cap? Imagine what their SS payment will be if they get a payout that reflects their input.

lm100.bsky.social4

Leave messages for your electeds. Capitol switchboard will connect you. 202-224-3121

BellatheChocolateLab4

That would make social security solvent for sure. Right now the employer FICA payroll tax is likely the ONLY tax that they cannot “avoid” hence corporate America’s insistence on calling SS and Medicare “an entitlement” as though you’re not working for it.

spotted-coach7.bsky.social3

Seems like a no Brainer here.

Dan 🇨🇦3

Tax revenue as a percentage of GDP is the tell. If the government gave a shit about its citizens, there'd be a redistribution of wealth to support the most vulnerable. If we lift the most vulnerable out of a life of misery, we're all better off for it.

bruin408.bsky.social3

I’m confused here - wouldn’t SSI be solvent if the government wasn’t borrowing against it - the payments are based on a living wage which is the should be the same for anyone regardless of their actual wealth - just tax higher income brackets harder and quit borrowing from the fund

truthntransparency.bsky.social2

Too bad the 0.1%ers have been so successful convincing 80% of the people making less than $200,000 / yr, that the only reason they are not disgustingly wealthy is taxes... and immigrants... and Social Safety Nets. 80% of the poorest Americans think wealth-tax is their biggest problem.

mjayne01.bsky.social2

Make this a national voting proposition in every state. If Congress won't act, take it to the people.

Bot Scolgiano2

This is obviously a great and necessary change. Please make it so!

Steve2

It's important to note, business owners are against this, because they have to match whatever their employees pay into it.

Carole2

I will not vote for anyone who does not have saving Social Security as a priority! Thank you to Ms Warren, Mr Moreno and Mr Reich!!

DoubleG@64✌️💙🇺🇸🦋🦋2

Having a cap on Social Security is crazy. All who work should pay their part, not just the middle class n poor working families. Besides it’s not as if you can live off SSI anymore.

Bryan Gilchrist2

These days, tax laws seem designed to favor the wealthy, with politicians on both sides supporting the rich and powerful. The solution? Tax all income, whether from labor, capital gains, or dividends, at the same rate. Earn a dollar, pay the same tax, period. We pretty much did this until the 1980s.

skyla50.bsky.social2

Didn’t work so well for Medicare , Robert …need to address the ways the wealthy have to avoid contributing and there are many … www.propublica.org/article/medi...

teecee472

The solution is too simple for a rich republican to understand so they try to figure out how they can make the poor use less of their benefits by making them work longer at the age of 70? Have they done a study on 1 how many are able to work 2 how many can find or keep their current job at that age

The Trump Crisis2

The 1% should be paying fica tax on every penny they make and pay a 50% federal tax on every thing they make. We The 99% shouldn't have to pay a dime in taxes.

continentaldivide.bsky.social2

Seems like a gentle two- or three-decade increase of the cap--start with 150K, go up slowly from there--would do it.

AdkRaine2

I agree. Everyone should pay their share. And it should be need rated.

Ghost of Lepa Radić2

How about we do a pause from $25k to $200k? The SS cap helps people for who cost of living quickly drowns out higher salaries, it's even more painful knowing that we're unlikely to ever see our SS come back to us, as it will end up going to Iran!

Rob the D44

It’s such an obvious fix. I worked in Switzerland and they tax for the equivalent of’social security on full income no caps.

Heidi Rahe 🌊🐾🌻☮☕24

Ohioan here. Love Senator Warren but hard to trust anything Moreno does.

Cooper Hamilton22

This is an easy problem to solve. It always has been about the FICA cap and it could have been raised by Congress at any time. But, it will inconvenience people making more than $184K/year in salary. And, then maybe we tax capital gains a bit more. The money is there. Always has been.

Christine Myers11

That's Senator Warren.. always working tirelessly for the people👍

Kelley11

This has been the popular position for most of my adult life. This cap is a ridiculous handout to people who don’t need it!

gman8990.bsky.social8

Sounds like a plan 100 years in the making. Let’s git ‘er done!

Diane in Ohio8

Finally! Something I can agree with from Bernie Moreno.

irishrock.bsky.social7

Take the $ we spent on the war, we can fund healthcare and SS.

sam1am4bg.bsky.social6

Congress could also allocate funds to replace what the Reagan & Bush Admin. "borrowed" to finance wars & never replaced. Trump is not the first Conservative Admin. to redirect funds illegally. Not that Dems. ever corrected the injustice. So all parties share responsibility.

Katie6

Removing the cap is the common sense solution that people have been calling for, for years. There never should have been a cap, everyone should be paying into it at an equal rate.

badgerbluebelle6

This is a no brainer for Warren. What the hell is that jackass Moreno angling for?

jaspertruth.bsky.social5

About time. Raise the cap. And repay the money our government has “ borrowed” from the trust. The money Trump has wasted on all his BS could have helped millions of Americans.

calirn.bsky.social5

Thank God. I've been working since I was 15. The government is pushing the idea that no one should completely retire. Keep working until you die. No thanks. I have paid my dues. It's time to rest a little.

makaleka5

it's MY money.....either give it all back to me at once, with compounded interest or leave it the fuck alone

Linda UWSⓥ4

Absolute no brainer. But since our government is owned by billionaires who want to keep the rest of us enslaved, it won’t pass until Democrats gain majorities in both houses, kill the filibuster, retake the White House, and add 4 SCOTUS justices.

dkcoon.bsky.social4

The Wealthy, "We Take 85% Of Everything Produced By Your Labor"...But..."We Only Want To Pay Taxes On A Small Portion Of It"....

flyovercountry76.bsky.social4

They need to collect FICA from UNEARNED income, including capital gains, too.

Walter Right ™ I am the One Who Answers4

Yeah, watch this die on the vine. We are the Corporate States of America.

🔥🗽🔥SoCal Redhead🔥🗽🔥3

Survival should never be a competitive sport.

Lisa3

Bernie Moreno must have some kind of personal profit scheme in mind for him to actually do something like this. He’s completely untrustworthy.

ML Porter3

Bernie Moreno working with Elizabeth Warren? WARNING! WARNING! He is a used car salesman!

T Antony 🏳‍🌈3

Bernie Sanders offered up a solution to this problem decades ago, and raise the payouts for those most in need. It is astoundingly simple to fix, but Americans would need a functional Congress to accomplish something.

Lance Pinkham3

Yes the cap should be eliminated, but how income is defined is something that must be changed as well. Huge earners play games by taking dividends and hiding money in corporate accounts (I think I read that Bezos takes only a $82k salary)...unlike W2 earners.

nita1956.bsky.social3

Someone making $3000.00 a month should NOT pay more then Someone make $300,000 a month. If someone owns 5 homes in 5 different state, they need to pay up immediately.

Dave3

Should have been done years ago. I’ve benefited from the cap for years- would get a pay raise in the fall, yet have always supported its removal. Everyone that I talk to about it feels the same.

aubresky.bsky.social3

It’s only fair and just and should be retroactive immediately!

Dona Flaca3

Just wait until they take into account the loss of $100 billion a year that undocumented/noncitizens paid into the system which greatly helped fund social security. Money those folks would never have access to. MAGA forgets or are ignorant about who helps fund their ss checks. They’ll know now.

Larry Tenney3

Expect a rise in the senior suicide rates & homelessness!

killiplaw.bsky.social3

Significantly raising or eliminating the cap altogether is the simplest and most practical step we can take. Most people won’t know the difference. When I started making good $ in the mid-90’s, I at first wondered why the last 2-3 checks of the year had “found money” in them.

Happy Warrior 🎙️🐝3

Candidate for President Al Gore Put Social Security funds in a lockbox Everyone makes fun of the lockbox

This Ain’t Right 🇳🇿 🇲🇽2

Gosh, who could have ever predicted demographic changes would require modifications to the revenue side of SS.?!? Of course, Repubs want to bankrupt it, crow ‘it failed’ and make the populace even more under the thumb of corporate Merika.

Concerned Citizen and Philly Sports fan2

this technically isn't a tax increase for 90% of people, but they will try to frame it that way.... *they is the billionaire/epstein class* #taxthebillionaires #releasetheepsteintrumpfiles

Karen S Wilcox, PhD (she/her)2

Yes that is the most fair and easiest way and it’s been obvious for decades -

coin2017.bsky.social2

I wouldn’t trust Moreno with anything. He’s a used car salesman of a politician

ws75.bsky.social2

Taxing the rich will make a big difference as well. Let's do all the above.

tcapecod.bsky.social2

Am sure most support this plan. For too many years both employers and highly compensated employees have not paid their fair share

Ohio Girl2

As an Ohioan, I wouldn't trust one word that comes from the used car salesman, Bernie Moreno. Elizabeth Warren? Yes. She's always advocated for keeping SS solvent. Moreno? He's a MAGA bootlicker that says one thing and does the opposite

AZ Desert Architect2

Hopefully the Bill addresses more than just the cap. CPI calculation methods also need to be revised. SS payments have been lagging ‘actual’ cost since its adoption in ‘82. And SS payment rules need to be updated for a much more ‘mobile’ population. EG, people are penalized if they sell their homes.

DH 🗽🐋 🐝 🧪 ❌👑 🖕🏻🧊2

It’s about time! Anyone with 3rd grade math skills knew social security has been headed for this cliff for decades. Just another “tax break” the wealthy don’t need and don’t deserve.

ReformedCog2

Damn, yes please... I file in 10 months... figure this shit out congress...

UDbmas #Trump_is_a_TYRANT2

Raise the cap. There, fixed.

Anti Neoliberalism2

The fact that it needs saving is an indictment of both Parties.

Deborah Weeks/A Woman for An Eternity2

When will the government pay Social Security back with the agreed interest the funds borrowed. Since the Raygun administration the government has borrowed millions of dollars from Social Security and failed to repay it. Repayment would go a long way in securing Social Security into the future.

Dixie 4 now ❤️🇺🇦❤️🇺🇸❤️🇬🇧❤️🏴󠁧󠁢󠁳󠁣󠁴󠁿2

Where can I read the essay?

I Got Popcorn18

Girl, why on earth are you dealing with Bernie Moreno? I'm from Ohio and even I hate him.

Jay Willick12

Why don’t you get the money back the government borrowed from the SS Trust Fund over the years, as well?

zelderberry.bsky.social11

That’s OUR fing money ive been paying the fed since i was employed at 14 What the f did they do with my investments

Deborah Weeks/A Woman for An Eternity11

Start paying back the “loans” that the government has taken would go a long way in preserving the integrity of the Social Security Administration!!!

InOhio9

I have been calling for the abolition of the Social Security payroll tax cap for years. This is nothing new. They just haven't had the guts to do it.

sageboomer.bsky.social7

@warren.senate.gov "Lift" is not a good word in this context. The symantic twisting repub party will say this means, raising it. Then the battle on how much. Change your mission statement to REMOVE ALL restrictions on the payroll tax. If you received a paycheck you PAY!!! Period

Empathy is a virtue7

I’m shocked Moreno would support this in any way. He’s very right wing.

Mugwump Jr. the Third7

JUST TAX THE BILLIONAIRES & TRILLIONAIRE THEN PACK THE COURT THEN REVERSE CITIZENS UNITED THEN BAN ANY BILLS THAT DON'T DIRECTLY HELP THE AMERICAN PEOPLE (I.E., CORPORATE GAINS/MERGERS) THEN BAN CONGRESSIONAL STOCK TRADING THEN BAN FOREIGN & CORPORATE OWNERSHIP OF OUR HOUSING STOCK Thank you.

Michael Fry6

Bernie smells sharks in the water.

Louis Winthorp III6

How about Congress pays back what was borrowed previously?

David S.5

And those who are retired with X millions should receive no/limited benefits…or tax cuts for not taking it.

Save Democracy - Proud Independent and Moderate5

Thank you Senator Warren. I feel like the issue is forgotten amongst politicians. Many SS recipients can not afford a 20% cut for even a month. The government needs to deliver what they promised me for 45 years.

badgerbluebelle4

What’s in it for Moreno? That snake introduced a bill banning dual citizenship. Republicans can’t be trusted. On anything. Ever.

mr nobody4

Congress has acted; they will be wealthy for life! Congresspeople will live 14 years longer than you, eat food you do not, have doctors you can only dream of, have real educations It costs us $900K to $2Mil per year to support a congressperson's way of life? They are too corrupt to protect us

Paola Cubillos4

Congressman Moreno works to protect the interests of US citizens while simultaneously undermining the rights and freedoms of Colombians and Colombian sovereignty through the unwavering support of the far-right, Trump endorsed Colombian presidency candidate just elected. What a partner.

Barbara Anderson4

Should have been done years ago

Red Lori Bright Eyes A Fucking Bitch4

be clear benefits are not being cut OUR MONEY IS BEING STOLEN

Lectos4

Stop borrowing against it and pay the American people back with interest. Then remove the income cap. This would be a start.

tigerslovecatnip.bsky.social4

Lady, congress should have acted during 2015 & seriously followed through

Cmango4

I can’t believe insanely corrupt Bernie Moreno signed up to co-sponsor this. I’ll take it, even though I’m sure he has a motive that benefits only him.

claghorn.bsky.social4

Better yet, also classify capitol gains as social security income.

mnasadoo.bsky.social4

As someone who benefits from the cap, I say lift it. I don’t need those extra few dollars per pay period now, but I will need social security if/when I retire. And I’ll be happier and safer if everyone else gets the benefits they deserve, too.

architetta4

That’s our money - not the government’s! We’ve paid into it all our working lives along with our employers. Now they’re using it as their own private piggy bank. You will have a riot on your hands if all those “loans” dipping into it are not paid back.

Selene 🌬️🔥💦🌎4

I am so disappointed in your partnering with such a corrupt millionaire as Moreno. I'm in Ohio and he is nothing but slime. He's using you to legitimize his politics.

Lou3

Exactly. It’s “Social Security” not “individual security.” Those of us fortunate enough to have higher incomes should pay more into it, not stop at some imaginary line.

hongkongbobo.bsky.social3

Or, you know... You could tax wealth. If you were a serious leader.

Kevin Lankes3

There are definitely ways to raise taxes on the ultra wealthy beyond this small fix. In fact, a brand new study from December told us how easy it could actually be: youtu.be/CKXDzX9aSdg

Konstitution3

Is there no other beast to make a deal with besides Moreno? He's one of the scoundrels behind the MAGA that won in Colombia. How can you possibly defend ideals of justice and equality?

Raymon Horsley3

Bernie Moreno was sued several times for cheating his employees. Get someone trustworthy to work with.

Jamie442

This hits small business hard as they have to pay both halves. Better to create a donut hole. Leave or lower the current cap and restart for those making over $400,000 to the top of their income.

James 🌈2

I receive Social Security because I have schizoaffective disorder. In spite of my #disability I worked as a part time teacher in Boston Public Schools & around Greater Boston. I run an art studio & study Arabic. I was a student in revolutionary Cairo & wartime Beirut. Social Security saved my life.

TakamineBill2

And make unearned income subject to the tax.

groomergirl1.bsky.social2

Please add to your wonderful plan of lifting the cap and annual cost of living increases — also lowing the age back down to its original requirement. 62, 65, 67. Because 62, 67, 70 is not fair. This will improve Americans lives tremendously.

Could there also be a means test so that people with a net worth of more than $15/$20 Million $USD aren’t eligible for the benefit? (Yes, a ‘means’ test.) if I remember correctly SS was never meant to be distributed to the wealthy?

The Real Dezaad2

I am serious when I say, why stop there? Tax capital gains *income* above a specified threshold and especially inheritance *income* under the Social Security tax. This will solve the issue once and for all.

Mike Anderson ☮️🇺🇦🇨🇦🇺🇸🌎2

Remove the Social Security contribution cap! It was nothing but a tax break for the rich when it was instituted in the beginning. It’s nothing but a tax break for the trillionaire’s and billionaires now. They don’t need any more tax breaks!

Linda Pitt29

Without Social Security Seniors will be homeless.

Tim the Enchanter 🇨🇦16

Might I suggest raid the bank accounts of all your billionaires and seize all their properties as proceeds of crime.

Iowa26

This administration is talking about reducing our SS by 20%. That will ruin us who are barely making ends meet now. The trump family have made billions since trump took office, the have no worries.

Rich people don’t make money from salaries

Technician T5

Trump signs quantum computer executive order for futuristic machines

James Who Lives in Queens4

Except both these politicians are all talk and no action. This has been a priority topic for decades, but Democrats seem to forget they were once in charge and did nothing. Same with the minimum wage. Sorry, but if you support Social Security as a politician, prove it.

𝔻𝕁 𝕊𝕦𝕓𝕥𝕖𝕣𝕣𝕒𝕚𝕟3

YOU PAID FOR IT !

732lighthouse.bsky.social3

Besides Trump-fam’s corruption in the billions, Trump & team are downright destroying desperately needed protections/programs/progress! Anyone voting Trump-GOP should know they’re supporting an agenda against their own needs & children’s future.

D.J. Diebold2

A must b4 "nutso" ruins it.

JoeBIn8185

The stock market. The overvalued and being manipulated daily by Trump and his cronies stock market?