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LaMouffette

(2,638 posts)
21. Agreed! And also repeal the tax on social security that was enacted by Ronald Reagan, and while we're at it,
Wed Feb 14, 2024, 09:37 AM
Feb 2024

raise or remove the cap on social security taxed income:

WHAT CHANGES COULD BE MADE TO THE TAX CAP?
There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.

An example of one such proposal, the Social Security 2100 Act, would apply the Social Security payroll tax to earnings over $400,000 in addition to earnings below the current maximum taxable amount. The gap between the two would narrow over time as the maximum taxable amount increases and the $400,000 threshold remains unchanged. That gap has earned the nickname donut hole and would serve to gradually increase the program’s revenues over time while not subjecting earners who fall in the gap to immediate tax increases. While estimates vary based on assumed wage trends and the specific details of each proposal, economists project that it would take approximately 20 to 30 years for the donut hole to disappear. Such an approach is intended to make the tax more progressive by increasing the tax burden on higher-income Americans.


https://www.pgpf.org/blog/2023/12/should-we-eliminate-the-social-security-tax-cap-here-are-the-pros-and-cons#:~:text=The%20limit%20on%20annual%20earnings,of%20%248%2C400%20from%20last%20year.


Recommendations

5 members have recommended this reply (displayed in chronological order):

Thoughts bucolic_frolic Feb 2024 #1
The ballot box is the place... Think. Again. Feb 2024 #3
Unwise. summer_in_TX Feb 2024 #25
I did not and would not... Think. Again. Feb 2024 #31
Yep Chi67 Feb 2024 #39
I'm all for some "tough love." summer_in_TX Feb 2024 #43
Right...the muzzle of MAGA irrelevance..sweet! agingdem Feb 2024 #32
I like your attitude! Think. Again. Feb 2024 #33
Thank you for correcting me, Beachnutt Feb 2024 #5
I have a feeling Jack Smith will be putting some congress critters before a Judge KS Toronado Feb 2024 #15
censuring jewish space laser lady would be a good start. AllaN01Bear Feb 2024 #26
Absolutely... Think. Again. Feb 2024 #2
Can't pass what they don't have the votes for. Democrats don't "appease rethugs." For example? betsuni Feb 2024 #4
I think the affordable care act Beachnutt Feb 2024 #6
No, there were zero Republican votes for the ACA, nothing was changed because of Republicans. betsuni Feb 2024 #7
It wasn't just Lieberman - it was Max Baucus (D) who killed it BumRushDaShow Feb 2024 #8
Yes. Republican Trojan horse and so on. betsuni Feb 2024 #9
I think people expected him to be another FDR redqueen Feb 2024 #11
Yes they did. betsuni Feb 2024 #14
I think many people have a tenuous grasp of politics redqueen Feb 2024 #16
Filibuster had nothing to do with the ACA MichMan Feb 2024 #18
Obama: "What is it about sixty votes that these folks don't understand?" 60 filibuster-proof votes. betsuni Feb 2024 #40
It wasn't filibustered was it? MichMan Feb 2024 #41
Democrats had the 60 votes to get it passed without Republicans for four months and ten days, betsuni Feb 2024 #42
Already know the names...time to start kicking ass! MiHale Feb 2024 #10
We need to close loopholes that have been exploited by the far right that jeopardize democracy jmbar2 Feb 2024 #12
Lower the age for Social Security full retirement, Beachnutt Feb 2024 #13
Agreed! And also repeal the tax on social security that was enacted by Ronald Reagan, and while we're at it, LaMouffette Feb 2024 #21
Yes indeed! jmbar2 Feb 2024 #22
Amen Amen Amen!!!!! Chicagogrl1 Feb 2024 #17
me too. barbtries Feb 2024 #19
Voting rights, abortion rights and reform the Supreme Court. rickford66 Feb 2024 #20
So let's do it. Think. Again. Feb 2024 #35
And expand the SCOTUS!!! n/t intheflow Feb 2024 #23
No if about it. It will happen! ananda Feb 2024 #24
a friend of mine who i lost contact with one time asked ," why do we have to negotiate with the rs? AllaN01Bear Feb 2024 #27
As possible: codify Roe, end the filibuster, add Justices & end the Electoral College. LakeArenal Feb 2024 #28
Agree! First thing increase SC Justices to 13. Fla Dem Feb 2024 #29
Amen! librechik Feb 2024 #30
No matter what, the (Dem's) will try to appease the repug's to a degree. republianmushroom Feb 2024 #34
That needs to end. Think. Again. Feb 2024 #36
Keeping the Senate is a significant challenge this year. The House looks good to flip. I'm concerned that themaguffin Feb 2024 #37
We're not going to have the necessary majority to expel anyone. onenote Feb 2024 #38
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