MAKING THE WEALTHY PAY THEIR FAIR SHARE INTO SOCIAL SECURITY AND MEDICARE
In yet just another example of the rich getting richer on the back of working Americans, currently someone making millions of dollars a year contributes the same amount of money to Social Security as someone making $118,500 a year. In Congress, Pramila will work to end this inequity by supporting legislation to lift the income cap on Social Security so that everyone pays the same percentage of their income into Social Security. In addition, Pramila believes that we need to invest where there is the greatest need and supports reducing benefits for high-income earners who have greater financial security and do not often rely on Social Security benefits in retirement.
INVESTING IN LONG-TERM SOLUTIONS
In Washington, nearly 20% of the people will be 65 or older by 2030 and by 2060, the population of people who are 85 or older will more than triple. That’s why in the State Senate, Pramila worked with her colleagues to fund a study to look at long-term care solutions for Washington’s growing senior population. She’ll continue that work in Congress to ensure we are properly investing in the programs that will take care of America’s seniors for generations to come.
Pramila will work to reform the funding formula for Social Security benefits so that the annual cost of living adjustments are more reflective of senior spending patterns rather than simply inflation.