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In reply to the discussion: If the Democrats get a majority congress and keep our President this year I hope [View all]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,
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 Securitys 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 programs 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.
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If the Democrats get a majority congress and keep our President this year I hope [View all]
Beachnutt
Feb 2024
OP
I have a feeling Jack Smith will be putting some congress critters before a Judge
KS Toronado
Feb 2024
#15
Can't pass what they don't have the votes for. Democrats don't "appease rethugs." For example?
betsuni
Feb 2024
#4
No, there were zero Republican votes for the ACA, nothing was changed because of Republicans.
betsuni
Feb 2024
#7
Obama: "What is it about sixty votes that these folks don't understand?" 60 filibuster-proof votes.
betsuni
Feb 2024
#40
Democrats had the 60 votes to get it passed without Republicans for four months and ten days,
betsuni
Feb 2024
#42
We need to close loopholes that have been exploited by the far right that jeopardize democracy
jmbar2
Feb 2024
#12
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
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
No matter what, the (Dem's) will try to appease the repug's to a degree.
republianmushroom
Feb 2024
#34