While politicians argue over whether to cut social security benefits to cut the deficit - while social security has never contributed to the deficit - a simple fix would be to lift the income cap on social security contributions. This would be fair and responsible. Please lift the cap of $106.000.00 of income on social security contributions.
Why is this important?
Social Security taxes only apply to the first $106,000.00 of income. Lifting this cap would: 1) increase fairness, 2) make social security solvent, 3) help the elderly and disabled, by not cutting their benefits, and 4) stimulate the economy, when recipients are able to pay their bills.
