Social Security and Medicare

>Raise the Wage Cap to $200,000

>Decrease Pensions when other Income is Over $200,000

I propose to solve the long term Social Security and Medicare funding shortfall by raising the wage cap for contributions from $94,000 to $200,000.  This will provide an additional $115 Billion per year.

Additionally, I propose that pension benefits be phased out for recipients who have more than $200,000 in other income in a given year.  Benefits would be proportionately reduced as other income goes to $300,000.  For example, if other income is $250,000, 50 % of benefits would be received ($275,000 - 25%, $300,000 -0%).

Widows should should receive the entitlement of their deceased husbands.  That is, when the widow reaches retirement age, she should be entitled to the same pension as he would have received.

Social Security and Medicare Funds must be kept separate from general funds to insure that they will be there when needed.

This proposal is included within the National Economic Policy topic.