To keep Alaska strong, I propose we transfer $3 billion of our $16 billion in budget reserves into the Retirement Trust Fund. Next year, this shift will allow us to reduce our annual payment to $500 million, instead of more than $750 million--that's a savings of more than 50% in the first year. Our plan will dramatically drop future operating budgets and put us on a more sustainable financial path.
A: Today there is a $118,500 cap on income taxed for Social Security. Billionaires pay the same as someone making $118,500 per year. As structured, Social Security places the largest burdens on the poorest among us. I agree with Bernie Sanders. Eliminate the cap. According to Sanders research, lifting the cap would not only fix the problem, it would enable expansions.
Q: Do you support reducing government regulations on the private sector?
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