News Release — Vermont Alliance for Retired Americans
Aug. 11, 2015
Mary Alice Bisbee
While many critics have talked about the imminent demise of the Social Security system due to a dwindling trust fund and a huge increase in the number of elders due to retiring baby boomers, VT-ARA disputes these claims. All it will take to maintain the fund for at least another century is to require upper income Americans to pay their fair share into the system. Scrap the Cap!
At present, no one pays anything into the Social Security Trust Fund on any earned or unearned income over $118,500. By scrapping this artificial cap on payments, the Social Security Administration will be able to continue to provide basic retirement, disability and family protections for years to come.
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