Medicare and Social Security
Medicare and social security are essential pillars of America’s social welfare net. They must be protected from government efforts to reduce or eliminate these critical programs. Because older Americans are easy targets for government spending cuts, the desire will always be there to aggressively attack these programs. At a time when the United States can seemingly afford wars without end we can certainly afford to continue, improve, and enhance these essential services to those who have made our country what it is. Failing to uphold the promises that have been made to those who are now most in need would be irresponsible and wrong.
The most effective way to strengthen Social Security and Medicare would be to eliminate the cap on earnings subject to the Social Security and Medicare taxes. Currently, those earning the highest incomes in our country pay taxes on only a fraction of their incomes. Indeed, in some cases, the highest earners pay tax on only a small fraction of their earned income. This policy should be stopped. It exempts those most capable of paying from most of the tax burden, while jeopardizing the most fragile of demographic groups, our seniors. Eliminating this tax haven will add billions of dollars to the funds available for Social Security and Medicare benefits, thus staving off the projected deficits that loom in the not-so- distant future.