Social Security Report

Taxing high-income households and other plans by Democratic presidential hopefuls.

The topic of wealth tax is becoming the rallying cry during this presidential debate season. Leading Democratic presidential hopefuls are not shy about calling for tax increases on the wealthier or high-income earner to fix Social Security. The attached article outlines how the Democrats hope to fix Social Security before the program runs out of surplus in 2034 and Social Security recipients face cuts to their benefit. Read article here…

Once you finish reading the article, click here… to read a realistic approach in preserving and modernizing Social Security. The Association of Mature American Citizens (AMAC) believes Social Security must be preserved and modernized.  This can be achieved by making modest changes in cost of living adjustments and the retirement age, with no additional taxes on workers.  AMAC advocates for a bipartisan compromise, “The Social Security Guarantee Act,” taking selected portions of bills introduced by former Rep. Johnson (R-TX) and current Rep. Larson (D-CT) and merging them with the Association’s own well researched ideas.

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