Tag Archives: Data for Progress

60 Days Into 2024 and Millionaires Are Already Done Paying Into Social Security

“Ninety-four percent of Americans contribute to Social Security all year long, but the wealthy stop paying after their first $168,600 in wage income.”

By Jake Johnson. Published 2-29-2024 by Common Dreams

Image: Public domain

Most Americans contribute to Social Security year-round, but U.S. millionaires will stop paying into the critical program on March 2—just over two months into 2024.

That’s because Social Security’s payroll tax doesn’t apply to earned income above a certain level. For 2024, the cut-off is $168,600, and capital gains—such as stock appreciation—are not subject to the payroll levy at all. Elon Musk, the CEO of Tesla and the world’s richest man, pays nothing into Social Security because he doesn’t take a salary.

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Lame-Duck Dems Must Lift Debt Limit, Advocates Say as GOP Doubles Down on Social Security Threats

“Democrats must do whatever it takes to defeat Republican attacks on our earned Social Security benefits,” said one advocate. “That means raising the debt ceiling this year, before Republicans take control of the House.”

By Julia Conley.  Published 11-30-2022 by Common Dreams

#StoptheShutdown Press Conference with Speaker Pelosi and Senator Schumer in 2019. Photo: AFGE/flickr/CC

Progressives on Wednesday warned that time is running out for Democratic leaders to take Republicans at their word regarding slashes to social safety net programs, as U.S. Sen. John Thune indicated the GOP will use a potential fight over the debt ceiling next year as leverage to push cuts—unless the Democrats act now to raise the debt limit while they still control the Senate and House.

Thune (R-S.D.), who is the number-two Republican in the Senate as the chamber’s minority whip, told Bloomberg Tuesday that the party has a “long list” of policy priorities for the next Congress, which will commence on January 3. The party plans to put forward budget reforms including to federal programs which they have long claimed, erroneously, are unsustainable. Continue reading

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Looming US Supreme Court Climate Decision Could ‘Doom’ Hope for Livable Future

“The immediate issue is the limits of the EPA’s ability to regulate greenhouse gases,” said one scientist. “The broader issue is the ability of federal agencies to regulate anything at all.”

By Jessica Corbett  Published 6-27-2022 by Common Dreams

A coal fired power plant on the Ohio River just West of Cincinnati, Photo © 2013 Robert S. Donovan Licensable under the Creative Commons license.

Amid widespread outrage over recent rulings, the U.S. Supreme Court is expected to issue another decision this week that legal experts and activists warn could imperil the Biden administration’s climate goals and thus, the planet itself.

West Virginia v. Environmental Protection Agency (EPA)—one of the few remaining cases from this term—is “the most consequential climate case in decades,” Sierra Club said Monday. Continue reading

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‘Our Moment to Win Citizenship’: Budget Package Provides Hope to Millions of Undocumented People

“We will bring undocumented people out of the shadows and provide them with a pathway to citizenship, including those who courageously kept our economy running in the middle of a deadly pandemic,” said Sen. Bernie Sanders.

By Kenny Stancil, staff writer for Common Dreams. Published 8-9-2021

About 3000 people gathered at Powderhorn Park in Minneapolis to stand in solidarity with immigrants and refugees in February 2017. Photo: Fibonacci Blue/flickr/CC

The $3.5 trillion budget resolution introduced Monday by Senate Democrats and Sen. Bernie Sanders includes billions of dollars for Congress to establish a pathway to citizenship for millions of undocumented immigrants, giving progressives a reason to cheer.

“We will bring undocumented people out of the shadows and provide them with a pathway to citizenship, including those who courageously kept our economy running in the middle of a deadly pandemic,” said Sanders (I-Vt.), chair of the Senate Budget Committee and key architect of what he called “the most consequential piece of legislation for working people, the elderly, the children, the sick, and the poor since FDR and the New Deal of the 1930s. Continue reading

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