Although Social Security is our nation’s most secure, fair, and universal protection against death, disability, and economic insecurity in old age, not all Americans contribute equally to this critical family protection program. Only wages up to a certain cap–$118,500 in 2015–are subject to the Social Security payroll tax. Eliminating the payroll cap will ensure that millionaires and billionaires contribute the same share of their earnings to Social Security as the vast majority of Americans do, and, at the same time, eliminates a large percentage of the projected shortfall facing the Social Security trust fund. This fact sheet details several proposals to ‘scrap the cap’ and fairly ensure that Social Security continues to work, and work well, for every American.
- Medicare for All Saves Money. Elizabeth Warren’s Plan Ensures That Working Families Get The Savings. November 1, 2019
- Social Security Works Urges Congress to Remove Pharmaceutical Provisions from NAFTA 2.0 October 9, 2019
- Trump’s Executive Order is Backdoor Privatization of Medicare October 3, 2019
- New Drug Price Polling: Voters Support Radical Solutions September 25, 2019
- Social Security Works Opposes Confirmation of David Black September 23, 2019