Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

dkf

(37,305 posts)
Fri Apr 5, 2013, 10:54 AM Apr 2013

Instead of complaining about chained CPI, why not recommend to your reps a solvency option for SS

http://www.ssa.gov/OACT/solvency/provisions/payrolltax.html


Provisions Affecting Payroll Tax Rates
Present law Social Security and Medicare tax rates
These provisions modify the current-law OASDI payroll tax rate of 12.4 percent (6.2 percent each for employees and employers). We provide a summary list of all options in this category. For each provision listed below, we provide an estimate of the financial effect on the OASDI program over the long-range period (the next 75 years) and for the 75th year. In addition, we provide graphs and detailed single year tables. We base all estimates on the intermediate assumptions described in the 2012 Trustees Report.

Choose the type of estimates (summary or detailed) from the list of provisions.

We group these provisions as follows:

E1: Increase payroll tax rate, with no changes in the taxable maximum.
E2: Tax all earnings above the current-law taxable maximum.
E3: Tax a portion of earnings above the current-law taxable maximum.
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Instead of complaining about chained CPI, why not recommend to your reps a solvency option for SS (Original Post) dkf Apr 2013 OP
Gee my 'reps' are opposed to Obama's plans. Bluenorthwest Apr 2013 #1
It's simple Glitterati Apr 2013 #2
Tansaction tax Skink Apr 2013 #3
Because they only listen to those who can write a big campaign donation check Fumesucker Apr 2013 #4
 

Bluenorthwest

(45,319 posts)
1. Gee my 'reps' are opposed to Obama's plans.
Fri Apr 5, 2013, 11:08 AM
Apr 2013

Merkley Statement on Social Security Cuts
December 18, 2012

Washington, DC- Oregon's Senator Jeff Merkley issued the following statement after reports that a new index for Social Security called "chained CPI" could be included in a fiscal cliff deal.

“We had an election, and the voters sent a message to Congress to focus on jobs and fairness -- not cutting benefits for people who have worked all their lives and are now making ends meet on fixed incomes. The formula we use to adjust cost-of-living changes for seniors needs to reflect the real costs they face, not the budgetary fantasies of Washington.”
http://www.merkley.senate.gov/newsroom/press/release/?id=072a3d3c-6586-4fdf-b037-fa3432a760f5

Obama ran on lifting the cap on contributions, he's the only person I voted for that has forgotten that.

 

Glitterati

(3,182 posts)
2. It's simple
Fri Apr 5, 2013, 11:10 AM
Apr 2013

Because progressives have been told to sit down and shut up.

We're sitting down and shutting up now. Thankyouverymuch.

Fumesucker

(45,851 posts)
4. Because they only listen to those who can write a big campaign donation check
Fri Apr 5, 2013, 11:27 AM
Apr 2013

And that's not the demographic that needs SS in their old age.

Latest Discussions»General Discussion»Instead of complaining ab...