“By Scrapping the Cap & Demanding That the Wealthy Pay Their Fair Share of Taxes”: Bernie Sanders on Expanding Social Security Benefits by at Least $2400 a Year


Senator Bernie Sanders talks about improving the Social Security benefits and reiterates that the wealthy should pay their share of taxes.

The senator has high hopes for Social Security benefits (Image via Wikimedia Commons / Gage Skidmore)
The senator has high hopes for Social Security benefits (Image via Wikimedia Commons / Gage Skidmore)

Senator Bernie Sanders takes the gavel of the Senate Finance Committee’s Social Security subcommittee in January. He restated his plan in a post on X dated November 7, 2026. Two goals sit on top: bigger checks and a trust fund that lasts for future generations.

“As the next chair of the Social Security Subcommittee, a top priority will be to expand Social Security benefits by at least $2,400 a year & extend Social Security’s solvency for generations. How? By scrapping the cap & demanding that the wealthy pay their fair share of taxes.”

Contributions stop at $184,500 in earnings. For starters, the senator wants that cap gone. A billionaire would then pay at the same rate as a teacher or a firefighter. He has argued this all autumn, including in California. Tech billionaires there spent $333 million fighting a 5% wealth tax, per reporting on Proposition 40.

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Senator Bernie Sanders Outlines Plans to Strengthen Social Security for Future Generations

A screenshot of the senator's post (Image via X/@SenSanders)
A screenshot of the senator’s post (Image via X/@SenSanders)

Benefits would rise by at least $2,400 a year, about $200 more each month. The figure matches his Social Security Expansion Act, filed with Elizabeth Warren, Jan Schakowsky, and Val Hoyle. That bill applies the payroll tax to income above $250,000. The Social Security Administration ran the numbers in 2023 at Sanders’ request. The senator is also pressing his own party to keep their promises to the American people. On November 6, he warned Democrats not to treat the midterms as a finish line. The post was blunt:

“Trumpism grew out of the failure of the Democratic Party to stand with working families.”

From Bernie Sanders’ perspective, Social Security is one way for the Democratic Party to show they care and to keep their promise.

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