Preserving and strengthening Social Security for Washington State
[via Social Security Works] Today’s federal minimum wage[1] is only $7.25 an hour. It is worth less and buys less than it did a half century ago.[2] At the same time, the United States is at its wealthiest moment in history. The inadequate minimum wage hurts low-wage workers. In fact, it hurts all workers,[3] as …
Continue reading Enacting a $15 Minimum Wage is a Win for Social Security
Image via Flickr Creative Commons | https://flic.kr/p/fodXun [Via NCPSSM] Today is the day most millionaires stop paying into Social Security for the rest of the year, while most of us will continue contributing FICA payroll taxes through the end of December. The payroll tax cap for 2021 is $142,800 in annual wages. As of today, the average …
Continue reading Millionaires Are Done Paying Into Social Security for the Year
Image courtesy of Social Security Administration via Wikimedia Commons President Joe Biden, Congressman John Larsen, and Senator Bernie Sanders have each proposed a plan to expand Social Security. Biden's offers a modest benefit expansion and would solidify the program's finances until 2039; Sanders' and Larsen's bills provide for additional benefits and would secure funding to …
