TELL CONGRESS: Teachers, nurses, and customer service workers all pay a greater percentage of their incomes in Social Security taxes than Elon Musk and Jeff Bezos. It’s time to end this unfair, outrageous tax loophole.

Sign the petition: End tax breaks for the ultra-wealthy and expand Social Security!

What are 40% of those supporting trump looking at to confirm their vote for him? Racism? The Fed Debt from 14 to 21.6Tril, The Trump Wall cost $11 – 21.6 BIL, and took 3.5 years to build! Over 2.7Mil jobs lost, Deficit grew 36%, 3Mil lost and or lacked healthcare -My2Cents

Trump’s Final Numbers after only one Term in office

Summary

The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers.

• The economy lost 2.7 million jobs. The unemployment rate increased by 1.7 percentage points to 6.4%.
• Paychecks grew faster than inflation. Average weekly earnings for all workers were up 8.4% after inflation.
• After-tax corporate profits went up, and the stock market set new records. The S&P 500 index rose 67.8%.
• The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 36.3% from 2016.
• The number of people lacking health insurance rose by 3 million.
• The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
• Home prices rose 27.5%, and the homeownership rate increased 2.1 percentage points to 65.8%.
• Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% last year compared with 2016.
• Coal production declined 26.5%, and coal-mining jobs dropped by 25%. Carbon emissions from energy consumption dropped 11.3%.
• Handgun production rose 12.5% last year compared with 2016, setting a new record.
• The murder rate last year rose to the highest level since 1997.
• Trump filled one-third of the Supreme Court, nearly 30% of the appellate court seats, and a quarter of District Court seats.

For the entire article: factcheck.org

Petition to Congress:
We urge you to scrap the cap on Social Security taxes, make millionaires and billionaires pay their fair share of Social Security taxes, and protect and expand Social Security benefits for seniors.

While billionaires like Elon Musk take advantage of the broken American tax system, many seniors are struggling to get by.

While House Republicans try to slash Social Security, Senator Bernie Sanders is fighting to protect and expand benefits. Sen. Sanders said recently, “It is absurd that a billionaire in America today pays the same amount of Social Security taxes as someone making $168,000 a year.”¹

Teachers, nurses, and customer service workers all pay a greater percentage of their incomes in Social Security taxes than Elon Musk and Jeff Bezos. It’s time to end this unfair, outrageous tax loophole for the rich and strengthen one of America’s most important social safety net programs.

Sign the petition: Protect and expand Social Security! It’s time to get rid of the ridiculous cap on Social Security taxes for millionaires and billionaires.

The vast majority of workers pay into Social Security all year long, but millionaires and billionaires don’t have to because of the cap on Social Security taxes.² The Social Security Board recently released a report concluding that Social Security will have a funding shortfall without tax increases on the rich.³ This is a crisis for one of the most important social safety net programs in America.

Big corporate CEOs only pay Social Security taxes at the very beginning of the year — then, their massive salaries roll into their bank accounts without paying into the program. This is not how our tax system should work. And it’s not how a democracy should function.

Instead of doing what the American people demand and making the wealthy pay their fair share, Wall Street-funded politicians are trying to set up a closed-door commission to cut Social Security in secret. We can’t let it happen.

Sign the petition to Congress: Scrap the Cap, protect Social Security, and make the ultra-wealthy pay their fair share!

demandprogress.org

Sources:

1. Senator Bernie Sanders on Twitter, “It is absurd that a billionaire in America today pays the same amount of Social Security taxes…” September 5, 2024.
2. Common Dreams, “Calls to ‘Scrap the Cap’ Grow as Millionaires Stop Paying Into Social Security for the Year,” February 28, 2023.
3. CBS News, “Social Security projected to cut benefits in 2035 barring a fix,” May 7, 2024

The Judiciary Act of 1789 is passed by Congress and signed by President George Washington, establishing the Supreme Court of the United States as a tribunal made up of six justices who were to serve on the court until death or retirement. That day, President Washington nominated John Jay to preside as chief justice, and John Rutledge, William Cushing, John Blair, Robert Harrison and James Wilson to be associate justices. On September 26, all six appointments were confirmed by the U.S. Senate.

READ MORE: Why Do 9 Justices Serve on the Supreme Court?

The U.S. Supreme Court was established by Article 3 of the U.S. Constitution. The Constitution granted the Supreme Court ultimate jurisdiction over all laws, especially those in which their constitutionality was at issue. The high court was also designated to oversee cases concerning treaties of the United States, foreign diplomats, admiralty practice and maritime jurisdiction. On February 1, 1790, the first session of the U.S. Supreme Court was held in New York City’s Royal Exchange Building.

For the complete article: history.com

READ MORE: 7 Things You Might Not Know About the U.S. Supreme Court

Citation Information

Article Title

The first Supreme Court is established

AuthorHistory.com Editors

Website Name

HISTORY

URL

https://www.history.com/this-day-in-history/the-first-supreme-court

Access Date

September 24, 2022

Publisher

A&E Television Networks

Last Updated

September 21, 2021

Original Published Date

November 24, 2009