Republicans want to cut, or worse, privatize Social Security for all sorts of dubious reasons. Social Security is funded by workers, not taxpayers, so cutting it will not alleviate our budget deficit, because Social Security does not contribute to our deficit. In fact, the US owes money to Social Security. Also, it is only taxed on your first $118,000, so multi-billionaires pay the same rate as someone who makes barely over $100,000 a year. If we remove the cap on Social Security taxes, then Social Security will be solvent forever.