{"id":6194,"date":"2011-10-24T00:01:52","date_gmt":"2011-10-24T07:01:52","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/2011\/10\/24\/scrap-the-cap\/"},"modified":"2011-10-24T00:01:52","modified_gmt":"2011-10-24T07:01:52","slug":"scrap-the-cap","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/10\/24\/scrap-the-cap\/","title":{"rendered":"Scrap the Cap!"},"content":{"rendered":"<p><font color=\"#0000ff\">Republicans have stopped talking about Social Security lately, trying to avoid the backlash from angry seniors and Democrats.&#160; Rest assured, they have not stopped plotting and scheming against it since 1935, when it passed.&#160; I\u2019m sure I will say this as many times as I already have, but it needs to be said over and over again, until the one true solution for Social Security is implemented.&#160; Scrap the Cap!&#160; Here\u2019s an action opportunity and an amazing video.<\/font><\/p>\n<blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-right-width: 0px; padding-left: 0px; padding-right: 0px; display: inline; float: left; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px; padding-top: 0px\" title=\"24HandsOff\" border=\"0\" alt=\"24HandsOff\" align=\"left\" src=\"https:\/\/www.7thstep.org\/blog\/wp-content\/uploads\/2011\/10\/24HandsOff.jpg\" width=\"360\" height=\"222\" \/>The Economic Opportunity Institute and Social Security Works released a new video this week that features two senior citizens rapping <a href=\"http:\/\/www.justscrapthecap.com\/\" target=\"_blank\">&quot;Scrap the Cap,&quot;<\/a> a reference to the easiest and most logical solution to the long-term funding of Social Security. The organizations are quick to point out that talk of a &#8216;crisis&#8217; in Social Security is nonsense since the program currently has a $2.6 trillion surplus, and that <strong>scrapping the cap on taxable income for Social Security is a good fix for the long-term projections of a funding shortage<\/strong>. Currently, everyone paying into Social Security only pays taxes on the first $106,800 of their income and nothing on any income above that, effectively meaning that <strong>wealthier citizens pay no Social Security taxes on most of their income<\/strong>. Eliminating this cap would make the program solvent for a much longer time period.<\/p>\n<p>Anyone who supports &quot;Scrapping the Cap,&quot; can take action on the <a href=\"http:\/\/www.justscrapthecap.com\/\" target=\"_blank\">web site related to the video<\/a>\u2026 [<em>emphasis added<\/em>]<\/p>\n<\/blockquote>\n<p>Inserted from &lt;<a href=\"http:\/\/crooksandliars.com\/kenneth-quinnell\/just-scrap-cap-video-creative-way\" target=\"_blank\">Crooks and Liars<\/a>&gt;<\/p>\n<p><font color=\"#0000ff\">Here\u2019s the video.<\/font><\/p>\n<p><font color=\"#0000ff\"><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/ZZQlbtlErLo?rel=0\" frameborder=\"0\" width=\"640\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/font><\/p>\n<p><font color=\"#0000ff\">Scrap the Cap!!<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republicans have stopped talking about Social Security lately, trying to avoid the backlash from angry seniors and Democrats.&#160; Rest assured, they have not stopped plotting and scheming against it since 1935, when it passed.&#160; I\u2019m sure I will say this as many times as I already have, but it needs to be said over and <a href='https:\/\/www.politicsplus.org\/blog\/2011\/10\/24\/scrap-the-cap\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6194","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=6194"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6194\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=6194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=6194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=6194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}