PRESNIT OBAMA PLEZ SUPPORT TEH DEUTCH BILL PLZ!!1!

On the House side of the Capitol, U.S. Rep. Ted Deutch on Wednesday promoted his bill to shore up Social Security’s finances by removing the cap on individual income that is subjected to Social Security taxes. That would mean more taxes paid — and ultimately more benefits received — by the top 5 percent of earners who make more than the cap, which amounts to $106,800 this year.

“There is this conventional wisdom that in order for us to save Social Security we need to eviscerate it, we need to slash benefits,” said Deutch, D-Boca Raton. “That’s not where the American people are.”

Deutch’s bill would both preserve promised benefits and adjust the way Social Security’s yearly cost-of-living raise is determined by taking into account high medical costs faced by senior citizens.

Under present law, a slight increase in inflation is expected to lead to a small raise next year. For this year and last year, a low overall inflation rate has resulted in no COLA increases.

A host of senior-citizen advocates and some House Democrats — including Corrine Brown of Jacksonville, Alcee Hastings of Miramar and Frederica Wilson of Miami — are rallying around Deutch’s bill, hoping to fend off future benefit cuts. Deutch testified on behalf of his bill before the House Budget Committee on Wednesday.

latimes.com

will boner let it come to the floor for a vote??

i think not