State & National

Advocacy piece urges support for Social Security solvency bill introduced in Senate

A contributor to the Gainesville Iguana is calling on readers to contact their federal representatives in support of the Safeguarding American Families and Expanding Social Security Act, a bill introduced by Sen. Brian Schatz that would remove the cap on Social Security payroll taxes and raise monthly benefits by roughly $150. The Social Security Trust Fund is projected to begin paying out at reduced levels as early as 2032, and the bill has drawn endorsements from several national labor and retiree organizations. The piece argues that lifting the income cap on FICA contributions is the most equitable path to long-term solvency.

Sources: The Gainesville Iguana