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Shenna Bellows on Social Security

 

 


Scrap the cap; apply payroll tax over $113,700

Q: How would you protect Social Security for today's seniors and strengthen it for future generations?

A: I support expanding Social Security benefits in a responsible way to make sure retired Mainers don't face hunger or lose out on medicines they need. In the 21st century, there's no excuse for letting Social Security recipients starve to pay for corporate tax breaks. Expanding benefits is the right thing to do, both morally and economically. Right now, the payroll tax that funds Social Security only applies to the first $113,700 of income. I support scrapping that cap entirely and making sure everyone pays their fair share, regardless of how many lobbyists they know.

Source: AARP Voter Guide on 2014 Maine Senate race , Aug 31, 2014

Scrap the Cap: highest-paid Americans pay their fair share

Social Security is funded by an outdated system that caps taxpayer contributions to a percentage of the first $117,000 they earn. That means millionaires and even billionaires pay the same amount into Social Security as someone who makes $117,000 a year. Nobody thinks it's fair, everybody knows it has to change--and Congress hasn't done anything about it. I support a solution called "Scrap the Cap" that eliminates the taxable cap and makes sure the highest-paid Americans pay their fair share. This is the fiscally responsible way to expand Social Security benefits.

I am passionate about strengthening and expanding Social Security benefits for our seniors and future generations. I support legislation that would expand Social Security benefits like the "Strengthening Social Security Act" and the RAISE Act. I strongly oppose privatization of Social Security and proposals like means testing or raising the retirement age that would undermine the fundamental promise of Social Security.

Source: 2014 Maine Senate campaign website BellowsForSenate.com , Aug 31, 2014

Other candidates on Social Security: Shenna Bellows on other issues:
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