PRESS RELEASE
Butler County Democratic Committee
Create Jobs and Keep Social Security Strong
Resolution adopted September 29th by the Butler County Democratic Committee of Pennsylvania: To Create Jobs, Reduce the Deficit and Keep Social Security Strong:
1) We agree with President Obama that tax cuts for the wealthiest 2% of Americans should be retired. Value: $50 billion per annum.(a) The top one percent of Americans earn 23.5% of the total national income with salaries for some on Wall Street being as high as 1 Billion Dollars a year.(b) In 1970 that same top 1% earned 9% of the national income.
2) We agree with President Obama that Middle Class tax cuts and educational tax credits should be maintained.
3) We call for the elimination of the,”Cap,” on contributions to Social Security. Value $130 billion per annum.(c) Most Americans contribute to FICA from every dollar they ever earn. Americans with higher incomes stop contributing once their income reaches $106,800. Obama spoke of eliminating this cap during the campaign.
We are on a cusp! Four weeks from now will be the most important mid-term election of our lifetimes. Unemployment stands at 9.5% and 60 million Americans are on Medicaid. Eligibility requirements for Medicaid differ from state to state but, basically Medicaid starts when a family has nothing left. Sixty million Americans, half of them being children, have nothing. We are at once a nation of billion dollar incomes and working families living in homeless shelters or automobiles.
Beaver County Blue: Voice of the 17th CD of Progressive Democrats of America 