Power Breakfast: To Raise, Or Not To Raise The Retirement Age | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Power Breakfast: To Raise, Or Not To Raise The Retirement Age

Play associated audio

In the discussion over whether Social Security is stable -- and if so, for how long -- members of this Congress are picking sides. While some favor raising the retirement age, others want to compensate for the demographic shift by requiring wealthier Americans to pay more into the system.

The government withholds Social Security taxes only on the first $106,000 dollars in annual income. Sen. Tom Harkin (D-Iowa) is pushing a bill that would raise that cap.

"Why is it that someone who makes $50,000 a year pays on every last dollar they make to pay into Social Security?" he asks. "But someone who makes $500,000 a year only pays on 20 cents of every dollar. Why is that?"

The rhetorical battle is between raising taxes on one side and adding years to Americans' working lives on the other. In the end, the answer may involve both. On this much, Sen. John Barrasso (R-Wyo.) speaks for many in Washington.

"At least we have to have a discussion about the best way to make sure to we can strengthen and secure Social Security," he says.

The bipartisan "Gang of Six" senators is expected to submit a plan for social security when they return from April recess.

NPR

Why Do We Love Football So Much? Theater Tackles Tough Questions

A play based on interviews with former NFL players, their families and fans digs deep: What's so fun about a sport that devastates bodies and brains? And what if it can't be made safer?
NPR

Shake Shack Sizzles With IPO As McDonald's Fizzles

Shares of the burger chain shot up Friday, its first trading day. Shake Shack and other fast-casual joints are taking a bite out of McDonald's, which can't recast itself to fit the current trend.
WAMU 88.5

Krupicka Wants Landlords To Be More Transparent About Mold

The Northern Virginia delegate has introduced legislation to make sure renters have access to information about mold.
NPR

Media Outlets Partner With Snapchat To Appeal To Younger Users

As people disappear from the audiences of conventional news organizations, 11 media outlets have partnered with Snapchat in the U.S. to offer its younger users easily digested fare within the app.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.