As it is an espoused goal of the President of the United States, the House of Representatives and the Senate to insure that the national Social Security Retirement Insurance Program be on sound financial footing for the next 40 years, we present the following solution;
1. Remove the FICA Contribution Cap, requiring contributions from the 1st dollar to the nth dollar;
2. Include all earnings of all sorts in the FICA contributions including
Capital Gains, Deferred Interest, Bonuses and any and all financial remuneration in a given month.
3. Increase the FICA % to 7.5%/employee, and 7.5% employer. Self employed FICA contributions to be set at 12%.
Strictly forbid the future privatization of the Social Security System by any means including the use of opt out programs.
Why is this important?
Fixing Social Security for the next 40 years
