Independent Sen. Bernie Sanders of Vermont has announced plans to introduce a bill to strengthen Social Security. Sanders’ legislation would eliminate the income cap that currently exists in the payroll tax that does not tax income above $106,800. Sanders said wealthy Americans who earn more than $250,000 should pay more into the Social Security system to keep it afloat. Last week, Sanders talked about Social Security at the United Steel Workers conference in Las Vegas.

Sen. Bernie Sanders: “Don’t let anybody kid you. Social Security today—today—has a $2.6 trillion surplus—surplus. Social Security can pay out every benefit owed to every eligible American for the next 25 years. Social Security has not contributed one penny to the deficit, and I will be damned if there is a cut to Social Security.”