by Chris Bowers, Wed May 25, 2005 at 07:39:45 AM EDT
Currently, the cap on wages taxed for Social Security is set at $90,000.
Other options to change Social Security fell far behind -- 40 percent of respondents said reducing benefits for early retirement is a good idea; 37 percent said increasing the tax for all workers would be a good idea; 35 percent said the government should increase the age at which people could receive full benefits; and 29 percent said reducing benefits for people under 55 was acceptable.
The margin of error for the poll was plus or minus 3 percentage points.
About 55 percent of respondents thought Bush's proposal that would allow wage earners to invest some of their Social Security taxes in private investment accounts in the future is a "bad idea" -- the same percentage as a month ago before the president began his campaign for the plan.
Forty percent said it was a good idea in both polls.Two-thirds of the American public supports a very simple plan for Social Security: end the wage cap. This a pretty good plan, since it would make Social Security run a surplus for centuries. In Washington, two-thirds support would mean it could over-ride a veto.
We have united opposition to carve-out private accounts. That, however, is only half of the battle. We also need united Democratic opposition to benefit cuts. Bankruptcy, Schiavo and the filibuster are in the past. There is no crisis. Our first fight of this session of Congress in once again our most pressing.