Ohioans are no doubt worried about whether they will have enough to live on in retirement, especially with rising costs and stagnant wages. I feel like we are hearing a lot of doomsday scenarios from folks on the right who are hoping to privatize and hamstring a program that has lifted millions of elderly Americans out of poverty. These scenarios have a simple solution: raise the cap.
Currently, earnings over $160,200 are exempt from Social Security taxes. This cap means that high earners contribute a smaller percentage of their income to Social Security than middle—and lower-income workers. By raising or eliminating this cap, we can create a more equitable system, ensuring the program remains funded for future generations. We can all agree that someone making 10s and 100s of millions of dollars per year can afford to cough up a little more in taxes to support the seniors in our lives. They've earned it.
Moreover, raising the cap aligns with the values we hold dear in Ohio: fairness, responsibility, and community support. Social Security is not merely a government program ; it's a promise made to American workers who have contributed to this system throughout their lives. Fulfilling that promise is a moral obligation we cannot ignore.
Unlike my republican opponent, I won't let the seniors in our community fall into poverty on my watch. Defend Social Security, defend our democracy, and kick the bums out who are trying to dismantle the programs that protect our seniors.