To: Rep. Rick Larsen (WA-2)
Representative Larsen: Do Not Cut Social Security: Say No to the Chained CPI
In the midst of this recession, when millions are struggling to keep their heads above water, the President's proposal will cause a 65-year-old woman in Washington to receive $650 less in social security benefits in ten years, and about $1,000 less in twenty years. His proposal would also severely cut benefits for disabled veterans. This proposal is unnecessary, immoral, inhumane, and unjust.
Social Security today has a $2.7 trillion surplus and can pay out every benefit owed to every eligible American for the next twenty years. Social Security will be solvent for the next fifty years if we do one simple thing, what the President proposed when he ran for President in 2008: lift the cap on taxable income, starting at $250,000 a year, so that millionaires are paying more into the Social Security trust fund than those who are making $100,000 a year.
At the same time as millions suffer, large corporations are enjoying record-breaking profits, and one out of four doesn't pay a nickel in taxes. We need to end the tax havens in Bermuda and the Cayman Islands, not force our elderly and disabled veterans into even more dire circumstances than they already face.
Social Security today has a $2.7 trillion surplus and can pay out every benefit owed to every eligible American for the next twenty years. Social Security will be solvent for the next fifty years if we do one simple thing, what the President proposed when he ran for President in 2008: lift the cap on taxable income, starting at $250,000 a year, so that millionaires are paying more into the Social Security trust fund than those who are making $100,000 a year.
At the same time as millions suffer, large corporations are enjoying record-breaking profits, and one out of four doesn't pay a nickel in taxes. We need to end the tax havens in Bermuda and the Cayman Islands, not force our elderly and disabled veterans into even more dire circumstances than they already face.
Why is this important?
The President's proposal to cut Social Security benefits to the elderly and disabled veterans is unnecessary, immoral, inhumane, and unjust. Social Security today has a $2.7 trillion surplus and can pay out every benefit owed to every eligible American for the next twenty years. Social Security will be solvent for the next fifty years if we do one simple thing, what the President proposed when he ran for President in 2008: lift the cap on taxable income, starting at $250,000 a year, so that millionaires are paying more into the Social Security trust fund than those who are making $100,000 a year.