The chained CPI,
deceptively portrayed as a reasonable cost of living adjustment, is a
cut to Social Security benefits that would hurt seniors.
That's why I created a petition to President Barack Obama, which says:
Mr. President, the chained CPI is a cut to
Social Security benefits that would hurt seniors—it's an idea not befitting a
Democratic president. If you want to reform Social Security, make the
wealthy pay their fair share by lifting the cap on income subject to
Social Security taxes.
There
are several sensible reforms to Social Security that should be
considered to help make it sustainable, including lifting the ceiling
on income subject to Social Security from $113,700 to $200,000 or more,
as well as instituting a 1% raise in the payroll tax rate, a rate that
hasn't changed in over 20 years.
Both of these reforms would go a long way toward protecting the
long-term health of Social Security, but neither should not be conflated
with efforts to reduce the federal budget deficit.
Thanks!
–Robert Reich, former U.S. Secretary of Labor
This petition was created on SignOn.org, the progressive,
nonprofit petition site. SignOn.org is sponsored by MoveOn Civic Action,
which is not responsible for the contents of this or other petitions
posted on the site. Robert Reich, former U.S. Secretary of Labor didn't
pay us to send this email—we never rent or sell the MoveOn.org list.
2 comments:
Done! The GOP has been hell-bent on destroying SS since it's inception. I would not like to see them achieve their goal. I think most of the country agrees, but even that doesn't seem to matter anymore.
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