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remove the cap on social security cap on individual annual contributions. Employer contributions will remain capped.

Created by D.D. on August 11, 2014

Work with congress to end the cap on individual contributions to Social Security. For tax year 2014 the cap is $118,000. Thus, those making more than this effectively get a 6.2% tax break that the rest of America does not. Those making more than $118,000 can afford to help the social fabric of the US remain solvent into the future. The employer contribution will remain capped at the first $118,000 of salary paid (no need to give people the talking point that it will cost jobs).

Budget & Taxes
Economy & Jobs
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