The latest draft of the bill also provides a way forward for the severely underfunded program, ensuring that future generations can receive benefits through 2096 by taxing the highest earners in the country. According to a press release from Sanders’ office, this will be done “all without raising taxes by one penny on over 93% of American households that make $25 At a time when nearly half of older Americans have no retirement savings and almost 50% of our nation’s seniors are trying to survive on an income of less than $25,000 a year, our job is not to cut Social Security,” Sanders said in the statement.
“Our job is to expand Social Security so that every senior in America can retire with the dignity that they deserve and every person with a disability can live with the security they need.