We want to direct the current administration, congress and the senate to at least include measures to increase revenue for Social Security by increasing the income cap to at least $150,000. And reduce expenditures by means testing and prevent the wealthy from abusing the system.
Why is this important?
The current administration is taking every action except the right ones to try to get more money into the Social Security coffers. The are reducing current and future benefits, beginning to privatize medicare and looking at retirement savings of individuals. What needs to be done is to increase the income cap to $150,000 and perform means testing that includes all types of taxable income. If you have $100,000 or more of taxable income, you don't need Social Security. Under the current proposals, only the people who need the support the most are being negatively affected.
