Sen. Elizabeth Warren's Social Security plan would increase taxes on families with incomes over $400,000 to boost payment to retirees by $2,400 and extend the program’s solvency by two decades.
with hefty taxes to fund big new government programs. The senator will be looking to build on the traction she has gained in the race; her rivals are eager to slow her down.Vermont Sen. Bernie Sanders
Warren declares her plan would usher in “the biggest and most progressive increase in Social Security benefits in nearly half a century.” It would raise monthly payments significantly more than even the Sanders plan would and expand eligibility to potentially millions of Americans who would not qualify for benefits under Biden’s plan, including public sector workers currently not permitted to collect Social Security and college and graduate students whose parents are disabled or have died.
An analysis of the Warren plan that the campaign commissioned from Moody’s Analytics projects it would expand the solvency of Social Security by two decades — out to 2054 — and “immediately lift an estimated 4.9 million elderly people out of poverty.”
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