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

1792 – The French National Convention voted to abolish the monarchy.

1784 – “The Pennsylvania Packet and Daily Advertiser” was published for the first time in Philadelphia. It was the first daily paper in America.

1893 – Frank Duryea took what is believed to be the first gasoline- powered automobile for a test drive. The “horseless carriage” was designed by Frank and Charles Duryea.

1897 – The New York Sun ran the “Yes, Virginia, there is a Santa Claus” editorial. It was in response to a letter from 8-year-old Virginia O’Hanlon.

1931 – Britain went off the gold standard.

1931 – Japanese forces began occupying China’s northeast territory of Manchuria.

1937 – J.R.R. Tolkien’s “The Hobbit” was first published.

1941 – “The Second Mrs. Burton” premiered to the entire CBS Radio Network.

1948 – Milton Berle debuted as the host of “The Texaco Star Theater” on NBC-TV. The show later became “The Milton Berle Show.” Berle was the regular host until 1967.

1948 – “Life With Luigi” debuted on CBS Radio.

1949 – Communist leaders proclaimed The People’s Republic of China.

1957 – “Perry Mason”, the television series, made its debut on CBS-TV. The show was on for 9 years.

1961 – Antonio Abertondo swam the English Channel (in both directions) in 24 hours and 25 minutes.

1964 – Malta gained independence from Britain.

1966 – The Soviet probe Zond 5 returned to Earth. The spacecraft completed the first unmanned round-trip flight to the moon.

1970 – “NFL Monday Night Football” made its debut on ABC-TV. The game was between the Cleveland Browns and the New York Jets. The Browns won 31-21.

1973 – Henry Kissinger was confirmed by the U.S. Senate to become 56th Secretary of State. He was the first naturalized citizen to hold the office of Secretary of State.

1981 – The U.S. Senate confirmed Sandra Day O’Connor to be the first female justice on the U.S. Supreme Court. 

1981 – Belize gained full independence from Great Britain.

1982 – National Football League (NFL) players began a 57-day strike. It was their first regular-season walkout.

1982 – Amin Gemayel was elected president of Lebanon. He was the brother of Bashir Gemayel who was the president-elect when he was assassinated.

1984 – General Motors and the United Auto Workers union reached an agreement that would end the previous six days of spot strikes. 

1985 – North and South Korea opened their borders for their family reunion program.

1993 – Russian President Boris N. Yeltsin announced that he was ousting the Communist-dominated Congress. The action was effectively seizing all state power.

1996 – The board of all-male Virginia Military Institute voted to admit women.

1996 – John F. Kennedy Jr. married Carolyn Bessette in a secret ceremony on Cumberland Island, GA.