Source: Washington Post
by Ramesh Ponnuru
“Sen. Bernie Sanders (I-Vermont) greeted the news that Elon Musk had become a trillionaire by — what else? — touting a plan to raise federal spending and taxes. Musk ‘pays the same amount into Social Security as someone making $184,500,’ Sanders tweeted. He said his bill would ‘end that absurdity,’ eliminate the program’s shortfall for 75 years and pay for an expansion of Social Security benefits. … Sanders’s idea is terrible. It would be a much larger and more harmful tax increase than its supporters let on and would further warp the federal government’s already perverse spending priorities. … The tax cap is there to keep benefits related to contributions. Musk won’t pay any more than someone making $184,500, but he also won’t get a bigger check than that person.” (06/17/26)