INCREASE or REMOVE the current cap on wages subject to Social Security tax instead of "Chained CPI."

The "chained CPI" suggestion to reduce Cost of Living Adjustments (COLA) for Social Security recipients is essentially a tax on the poorest people in society. The Consumer Price Index used to calculate the COLA already doesn't reflect the true increases in the cost of living (1.7% this year).
By contrast, incomes over $110,000 are exempt from paying into FICA (Social Security). People earning $1 million are contributing to Social Security on only 1/10th of their income. That cap should either be eliminated or raised.
If the cap is eliminated, the percentage contributed on the portion above $110,000 could be reduced on a sliding scale.
BEFORE tightening the belts of the disabled and seniors who struggle already, please make sure people who are better able to contribute more, DO.