Senator Kamala Harris has proposed a plan to strengthen Social Security by ensuring that corporations and the wealthy pay their “fair share.” Harris, a candidate for the Democratic nomination for President in 2020, believes that the current system is underfunded and in need of reforms to ensure the program’s long-term sustainability.
Harris’ plan calls for increasing taxes on corporations and the wealthy to generate more revenue for Social Security. She argues that this is essential to protect the program and ensure that future generations have access to retirement benefits. Harris is particularly concerned about the growing wealth gap in America and believes that those who have benefited the most from the economy should contribute more to support social safety net programs like Social Security.
In a press release, Harris stated, “As someone who has spent my entire career fighting for the people, I believe that it is essential to ensure that Social Security remains strong and viable for future generations. This means holding corporations and the wealthy accountable and making sure they pay their fair share to support this vital program.”
Harris’ proposal is likely to generate debate and discussion among policymakers, economists, and the public. Supporters argue that increasing taxes on corporations and the wealthy is a necessary step to address the funding shortfall facing Social Security. Critics, however, may argue that such a move could stifle economic growth and discourage investment.
Overall, Harris’ plan to strengthen Social Security by increasing taxes on corporations and the wealthy reflects her commitment to promoting economic fairness and ensuring that all Americans have access to essential social programs. As the 2020 election approaches, this proposal is likely to be a key issue in the national debate on social and economic policy.
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