To preserve the continuance and viability of social security and medicare we the undersigned support the removal of any and all income limitations on employer and employee contributions to the social security and medicare funding programs.
Why is this important?
Currently there is a limit on the income level which requires contributions to medicare and social security. If we are interested in preserving these critical programs needed for the maintenance of even a modest life style for our elderly we must find sources of additional funding. Currently contributions to these programs ceases at about $106 thousand. Earnings beyond that level are not subject to these deductions either on the part of the employee or employer. Support for these programs should be made by both the employer and employee up to the entire amount of wages paid coupled with a cap on the amount that can be collected.
