Save Social Security - Queens Chronicle
That's why cutting benefits now, including raising the retirement age, must remain completely off the table. Social Security is the economic backbone of a retirement free from poverty and homelessness for aging and sick Americans no longer able to work. Raising the retirement age is a job-killer for young Americans while cuts to benefits will force the elderly to choose between food and rent. That is not the America we believe in and we must do everything in our power to stop cuts from happening.
But stopping cuts should not be good enough. We can do much better.
Right now, Bill Gates doesn't pay the same percentage of his income into Social Security that most Americans pay. Neither does Derek Jeter, Mayor Bloomberg or for that matter even President Obama. The reason why: the Social Security payroll tax is capped at $106,800 per individual costing tax payers billions of dollars in lost revenue from the people most able to invest. The cap risks the long-term health of the program while currently giving wealthier Americans a tremendous tax cut.
It's never been more important to stand up and fight than now. Scurrilous right-wing Republicans are willing to lie and to do anything to tear down Social Security. They're talking about shutting down the government, holding the debt ceiling hostage. Whatever it takes to destroy Social Security and prop up big banks, insurance companies and Wall Street, they're going to do it.
I urge every working class American to deliver a message that we are unified and standing strong against cuts while fighting for improvements. It's time to send Congress and the President a strong clear message about the Social Security Trust Fund.