Jay Williams on Welfare & Poverty

	Jay Williams on Welfare & Poverty

Address the growing problem of income inequality

The United States recovered from a financial collapse and an economic recession, but Republicans in Congress have blocked progress on addressing the growing problem of income inequality. Right now, the system benefits those at the very top in a few key ways. First, the top income tax rate is $250,000, far above the income of everyday Americans, but at the very bottom rung of the income of Wall Street investors, bank executives, and CEOs. Second, the payroll tax needed to fund Social Security is capped at $120,000, so wealthy individuals don't have to pay their fair share. Third, capital gains and dividends that inflate the bank accounts of the richest Americans are taxed at half the income tax rate middle-class Americans pay. The ultra-wealthy of America get special treatment because they pour money into the campaign accounts of Republican politicians like John Thune. Jay won't represent the special interests in Washington, he will represent you. Source: 2016 South Dakota Senate campaign web JayWilliams2016.org , Apr 1, 2016

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