Crist: Protect, strengthen Social Security, Medicare
By Congressman Charlie Crist
Social Security and Medicare represent America’s promise that after a lifetime of hard work and paying into the system, senior citizens have earned greater financial security in their golden years, free from abject poverty. Likewise, Medicaid is a commitment to the very poor and disabled, that they not be left hopeless and without medical care.
My neighbors in Pinellas County, who I am proud to represent, expect that when their leaders give their word, they keep it.
Social Security remains strong and solvent, but only for the next 17 years. After that, it faces a shortfall, only able to pay 75 percent of its promised benefits. Rather than breaking our promise to our seniors, and forcing retirees to shoulder benefit cuts that the majority has proposed – across the board cuts, inadequate cost of living adjustments, and privatization – Congress should instead work together to keep America’s word and strengthen Social Security.
One way to strengthen Social Security is to do what’s known as “scrapping the cap.” Americans only contribute to Social Security on the first $127,200 in income earned every year. That makes no sense. Why should the very wealthiest get a tax break, when nurses, electricians, and clerks at Publix pay into the system on 100 percent of their earnings? Closing this loophole would extend the program for at least another generation.
With my first bill, the Save Social Security Act, we are keeping our promise to our seniors, strengthening Social Security. This legislation eliminates the Social Security tax break for people making over $300,000 a year, while maintaining it for income earned from the current cap of $127,200 up to $300,000. It also ends the nonsensical practice of “double taxation” on Social Security benefits for middle class seniors. Currently, seniors pay taxes when they receive their Social Security benefits, even though they were taxed to create those benefits throughout their working lives. That’s wrong!
But the fight for our seniors does not stop there. The Speaker of the House has proposed eliminating the Medicare guarantee and replacing it with a voucher. That means Medicare pays less and you pay more. Additionally, the majority's repeal and “replace” health care plan would slash Medicaid, the number one payer of long-term care for older Americans. In Pinellas, this would force nursing homes to close and put tens of thousands more seniors and the disabled on waiting lists for care.
Seniors have earned their Social Security and Medicare benefits. And the very poor and disabled would be lost without Medicaid. It is our duty as elected representatives to protect them, which strengthens the fabric of our nation, making our society healthier, and our communities stronger.