Tim Kaine’s plan to raise funds for Social Security benefits
United States Democratic vice-presidential candidate Tim Kaine gave a specific answer as to what former Senator Hillary Clinton would do to solve the shortfalls of the Social Security benefit fund if she become president. The plan is to remove the cap on how much of a worker’s income can be subjected to payroll tax, which helps to fund Social Security.
Former Democratic presidential candidate and U.S. Senator Bernie Sanders had the same idea. He proposed removing the $118,500 cap on individuals earning wages greater than $250,000 a year. Other options to solve the shortfall problem include legislating a lower benefit payment every month. Unfortunately, this move could lead to political suicide because so many voters belong to the elderly group that receive said benefits.
If you are injured in an accident and find yourself unable to work to earn wages for your living expenses, you can ask financial assistance from the Social Security Administration by filing for disability benefits. Do so with the legal help of our attorneys at the Hankey Law Office in Indianapolis by calling our offices today at (800) 520-3633.