Expand Social Security, not with a 1.5% COLA, I mean real solid increase in benefits for seniors getting the smallest benefits of $8,657.26 for an individual. Raising the SS income cap to 90% (186k) where it has historically been going back to 1984, would raise about .2% of GDP according to the CBO. Thats 35 billion dollars. This would support $1100 to more than $2000 in increases for individual seniors. For couples that would be a bit more starting at $1500.
Remember when Senator Warren started to stir the SS pot last year? Suddenly all the CPIers started to choke on their words.
That is why we should be talking about expanding Social Security benefits.....
WAPO
Recently a few Senate Democrats have proposed the RAISE Act which would place a payroll tax on earned income over 400k... the top, oh I dunno... 1.2% of earners. Thats not a lot of people, nor is it a lot of money. And the benefit increases aren't going to be very big either.
Now remember Seniors got a 1.5% COLA this year, that eligible individual that gets almost 9k a year..... got less than a $128 increase for 2014.
Propose to raise the SS income cap giving seniors over a grand, and make the GOP vote it down. Then we run on the issue watch the RWNJ's fall by the wayside.
In fact, Infrastructure needs 3.6 trillion in just repairs, 900 billion a year for 4 years would just get us even, and using a 2.5 multiplier would create about 22 million jobs.
Make the GOP vote against job creation, real job creation, not some half assed proposal. then make them run on it.
Lets make sure the American people know who the real obstructionists are & what they are obstructing: Jobs for Americans, expose them and run them out of office.
Read More