Social Security benefits are crucial to the economic security of more than 1.3 million Washington residents and their families, and contribute significantly to the economic stability of every region of the state. Yet some members of Congress are threatening once again to cut Social Security to pay for tax cuts for wealthy individuals and corporations. Raising the retirement age or making other cuts to Social Security is the wrong approach.
Rather, federal lawmakers should act now to “scrap the cap” on taxable earnings, raise benefits and make other improvements to ensure the program meets the needs all workers, families and retirees for decades to come.