All voters love Social Security and Medicare

Social Security, now in its 85th year, remains the most beloved government program. It enjoys widespread support from Democrats, Republicans, and independent voters alike, with more than 90 percent approval.

According to the Pew Research Center, 74% of Americans believe that Social Security benefits should not be cut in any manner. A majority of voters from both political parties are in favor of boosting funding and increasing its minimum benefits.

Social Security and Medicare are pocketbook issues for most seniors, and everyone else who hope to retire some day.

Social Security has a significant impact on rural communities

Social Security plays an even more crucial role in rural areas. Families residing there earn approximately 25% less than their urban counterparts and are also less likely to have access to company pensions or retirement savings.

However, rural voters tend to lean towards supporting Republicans. However, Social Security creates a divide between the financial interests of Republican voters and actions of their elected representatives.

The Republican House will reduce funding and benefits

The House Republicans’ budget for 2025 significantly reduces spending on Social Security and Medicare by a staggering $2.7 trillion over the next ten years. This amounts to more than 8% of the current budget.

Elected Republicans are also increasing their efforts to privatize Medicare. Their goal is to have private plans as the automatic option for new participants.

Biden’s strategy involves corporations and the top one percent contributing funds towards these programs.

It’s important for all Americans to support essential programs without letting political differences get in the way. Republicans tend to prefer smaller government, while Democrats aim for a mix of public and private solutions.

Increasing the threshold at which wages are exempt from payroll taxes beyond the current $168,800 cap, or eliminating the cap entirely, are potential solutions. That would impact only the top 6 percent or of wage earners. Biden’s proposal to tax wages above $400,000 while leaving income between $168,000 and $400,000 untaxed, would solely affect the wealthiest 1 percent.

Securing the future of Social Security for the next 75 years

To ensure the long-term viability of Social Security and Medicare, President Biden and Democratic leaders in Congress have committed to providing sufficient funding to keep the programs solvent for at least the next 75 years.