A teacher earning $60,000 pays Social Security taxes on every dollar she earns.
A worker earning $184,500 does, too.
But someone earning $1 million pays the tax on just the first $184,500. Nothing more.
Yes, the country’s billionaires pay into Social Security as if they make $184,500.
That doesn’t make sense.
So I have a bill to eliminate this arbitrary cap on Social Security taxes.
If those with the highest incomes just paid the same share as everyone else, we could inject around $3 TRILLION into the program over the next 10 years.
I'm fighting hard to protect Social Security.