"Under President Reagan, Social Security’s taxable income cap covered 90% of all nationwide wage and salary income, with those earning above the cap contributing nothing on that income. Today, just 83% of all income is covered, as earnings above today’s $132,900 cap have greatly increased — and almost all the loss in covered income has gone to the highest earners. We need to increase that cap so it is no longer so regressive — with the burden of paying into the system overwhelming felt by lower-income workers — and look at various other pieces of the Social Security puzzle. I have also proposed increasing payroll taxes for those earning about $250,000 — and while currently the proceeds of such taxes only benefit the Medicare program, they could benefit Social Security as well. Of course, we must also hold the line against Republican attempts to privatize both of these vital programs that have given security and peace-of-mind to seniors for generations."
Source: Candidate's Website 2019