Federal Retirement News


Wednesday, February 5, 2020

Where the Democratic Candidates Stand on Social Security

Where the Democratic Candidates Stand on Social Security

Article Excerpt: "...Elizabeth Warren: Sanders’ main rival on the left also supports the expansion of Social Security. Her plan calls for a $200 monthly increase for all beneficiaries, with the roughly $150 billion cost in the first year to be paid for by higher taxes on the rich. The taxes include a 14.8% payroll tax on incomes over $250,000 and a 14.8% tax on investment income for the top 2% of earners. The taxes would reduce the deficit by $1 trillion over 10 years and extend the life of the Social Security trust fund ..."



Resource: yahoo.com

Elizabeth Warren Social Security Upgrade,

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