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Today is the 85th anniversary for Social Security, and I want to point out how incredible @JENFL23 & #39;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& #39;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& #39;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& #39;ve been gaslit by deficit hawks for decades with the phony rhetoric that Social Security is going bankrupt. No more. @JENFL23 & #39;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/">https://jen2020.com/social-se...
