Friday, 26 August 2011 06:08
By Zaid Jilani, ThinkProgress | Report
Last week, Sen. Bernie Sanders (I-VT) was a featured speaker at the United Steel Workers 2011 conference in Las Vegas.
Sanders focused much of his speech on the Social Security system, blasting suggestions by Democrats and Republicans alike that, for example, we should adjust the cost of living adjustment to cut Social Security payments to working class Americans or raise the retirement age. “When [Social Security] was developed, 50 percent of seniors lived in poverty. Today, poverty among seniors is too high, but that number is ten percent. Social Security has done exactly what it was designed to do!” he thundered, defending the program. Watch it:
Today, Sanders announced that he will introduce legislation that would strengthen Social Security without cutting benefits to any of its beneficiaries. Sanders’ legislation would eliminate the income cap that currently exists in the payroll tax that does not tax income above $106,800:
Read More:
http://www.truth-out.org/bernie-sanders-introduces-bill-lift-payroll-tax-cap-ensuring-full-social-security-funding-nearly-7-0