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Today is the 85th anniversary for Social Security, and I want to point out how incredible @JENFL23 's plan is to expand Social Security. Jen is running for Congress, and her election is in 4 days! Thread 1/
Right now, Jeff Bezos is only paying Social Security taxes for the first 2 minutes out of the year because of the cap on taxable income. Jen would scrap the cap entirely. 2/
Additionally, she would end the bizarre accounting ritual in which Social Security is required to internalize future obligations for decades into the future. That's how the GOP has bee able to squeeze the life out of USPS. 3/
By ending the financing of future obligations and scrapping the cap on taxable income, we can radically expand Social Security. And that's exactly what @JENFL23 proposes we do. 4/
Her plan would triple the minimum benefit from $901/month to $2,703/month, double average benefits to $3,200/month, & allow for early retirement with full benefits at 55. 5/
We've been gaslit by deficit hawks for decades with the phony rhetoric that Social Security is going bankrupt. No more. @JENFL23 'a Social Security policy is big, structural change. 6/
It would reduce poverty, increase aggregate demand, and reduce the racial wealth gap. You can read more about it here: https://jen2020.com/social-security-reform/
