We, the undersigned, urge you to take immediate action to ensure the financial stability of Social Security and protect the retirement security of millions of Americans. Social Security is a lifeline for retirees, disabled individuals, and their families. However, with projected funding shortfalls threatening the program, bold and fair action is needed to keep Social Security solvent for generations to come.

One of the most effective and equitable ways to strengthen Social Security is to raise the cap on wages subject to Federal Insurance Contributions Act (FICA) taxes. Currently, regular working Americans pay Social Security taxes on all their earnings up to $176,100, while individuals with higher incomes stop contributing after that threshold. This disparity leaves a vast amount of income untaxed, undermining the long-term stability of the program.

Why Raise the FICA Cap?

• Fairness: Everyday workers have been paying Social Security taxes on 100% of their wages for decades. It’s time for high-income earners to contribute their fair share.
• Sustainability: Raising or eliminating the FICA cap would close much of the funding gap, ensuring that Social Security can continue to provide full benefits without requiring drastic cuts.
• Preservation of Benefits: Many proposals to address Social Security's funding challenges involve benefit cuts or privatization, both of which would harm the very people the program was designed to protect. Raising the cap is a proven and effective alternative.
• Public Support: Polls consistently show that the majority of Americans, across political lines, support asking high earners to pay more into the system rather than reducing benefits or privatizing Social Security.

Reject Privatization Efforts
Privatization is not the answer. Social Security is one of the most successful government programs in history because it provides guaranteed, inflation-adjusted benefits for life. Privatization would expose retirees’ benefits to the volatility of the stock market, jeopardizing their financial security.

We Call on You to Act
We call on you to support legislation to raise or eliminate the FICA cap, ensuring that all Americans contribute equitably to the system. Additionally, we urge you to oppose any efforts to privatize Social Security, which would erode the stability and reliability of this vital program.

Social Security represents a sacred promise between generations. It is your responsibility to honor that promise by safeguarding the program and ensuring it remains strong for decades to come.