Obama vs. Clinton on Social Security: An Actual Policy Difference!

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In a campaign season in which the Democratic candidates agree with each other on 95 percent of their policy proposals, Social Security stands out as an issue with a small but stark difference.

Here’s the nut of the issue. Currently, Americans pays a Social Security tax on the first $97,500 of their income. If you make $60,000 a year, you pay tax on 100 percent of what you make. If you make $1 million a year, you pay tax on 9.75 percent of what you make. Barack Obama proposes lifting that $97,500 cap (which rises to $102,000 next year), while Hillary Clinton suggests it would raise taxes by too much.

Over on the Time blog Swampland, I found this incredibly helpful chart. I’ve stolen it because it breaks down the numbers exceptionally well. As a thank you, show Swampland some love.

socialsec-chart.jpg

Clinton is right about the rise in taxes: in some instances it is substantial. But only the rich will feel it.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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