Don’t destroy Social Security. EXPAND it.

Pamela, Donald Trump and Elon Musk are trying to destroy Social Security. Instead of dismantling a system that Americans have built over generations, we should EXPAND it. After all, it's the one part of our retirement system that still works. This past week has seen 401ks turned into 201ks. Home ownership and personal savings are harder than ever in this era of rising prices. But through it all, our Social Security system has stood strong, making every payment in full and on time for close to a century. If billionaires like Elon Musk and Donald Trump paid into Social Security as the same rate as the rest of us, Social Security could INCREASE benefits by about $200 per person per month―and have enough money for at least the next 75 years. Become a grassroots co-sponsor of Sens. Bernie Sanders and Elizabeth Warren's Social Security Expansion Act today! ADD YOUR NAME [ TAKE ACTION ] The Social Security Expansion Act would: Extend the solvency of Social Security for 75 years by requiring the wealthiest American households to pay their fair share of taxes. Today, because of the earnings cap on Social Security taxes, a CEO making $20 million a year pays the same amount of money into Social Security as someone who makes $ 176,100 a year. This legislation would lift this cap and subject all income above $250,000 to the Social Security payroll tax. Under this bill, over 93 percent of households would not see their taxes go up by one penny. Expand Social Security benefits across-the-board for current and new beneficiaries. Under this bill, Social Security benefits for current and existing recipients would be increased by $2,400 a year. Increase Cost-Of-Living-Adjustments (COLAs). This bill would more accurately measure the spending patterns for seniors by adopting the Consumer Price Index for the Elderly (CPI-E). Older Americans, by and large, are not going out on spending sprees buying big screen TVs, laptops, or the latest high-tech gadgets. Rather, they spend a disproportionate amount of their income on health care and prescription drugs, which would be reflected in the formula for calculating COLAs under this legislation. Require millionaires and billionaires pay their fair share into Social Security. Currently, workers have 12.4 percent taken out of each paycheck and contributed to the Social Security trust fund, half paid by the employer and half by the worker. This bill would require the wealthy pay the same 12.4 percent on their investment and business income, by increasing the net investment income tax by 12.4 percent and applying it to certain business income not already covered by payroll taxes. Improve the Special Minimum Benefit for Social Security recipients. This bill would help low-income workers stay out of poverty by increasing the Special Minimum Benefit and indexing the benefit level so that it is equal to 125 percent of the poverty line, or over $18,000 for a single worker who had worked their full career. Restore student benefits up to age 22 for children of disabled or deceased workers, if the child is a full-time student in a college or vocational school. This legislation would restore student benefits to help educate children of deceased or disabled parents that were eliminated in 1983. Combine the Disability Insurance Trust Fund with the Old Age and Survivors Trust Fund to help senior citizens and people with disabilities. ADD YOUR NAME: Become a Grassroots Endorser of the Social Security Expansion Act of 2025! Thank you, Mike Phelan Progress America Paid for by Progress America, a project of Strategy & Hustle   Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Progress America, please click here.