VP Kamala Harris on Social Security

Under the leadership of Biden, Harris has endorsed the current administration’s plans for funding the SSA, including enacting additional taxes on wealthy individuals with incomes of more than $400,000 to help extend the SSA’s solvency. Currently, up to $168,600 in earnings are subject to Social Security payroll taxes.

In a previous fact sheet issued by the White House, the administration said it is opposed to “any proposal to cut benefits, as well as proposals to privatize Social Security”—something Harris is likely to stick to during a presidential campaign, given that benefit cuts would be extremely unpopular with the electorate.