Cramer, Gulleson offer Social Security ideasDemocratic U.S. House candidate Pam Gulleson says one way to bolster Social Security is to raise the tax cap on wages.
BISMARCK, N.D. (AP) — Democratic U.S. House candidate Pam Gulleson says one way to bolster Social Security is to raise the tax cap on wages.
Now, a person pays Social Security taxes on his or her first $110,100 of income. At a debate in Bismarck on Wednesday, Gulleson said one way to help the system's financial outlook is to raise the cap.
Gulleson didn't say what she thought the new cap should be. Some members of Congress have suggested abolishing the cap.
Republican House candidate Kevin Cramer says he would support raising Social Security's retirement age and putting a “means test” on benefits — so wealthier people would get smaller Social Security payments.
Gulleson says she doesn't favor means testing.
The debate was sponsored by the North Dakota Broadcasters Association.