The cap needs to be removed period, not just raised. This is a start, not a final solution. The SS accounts must be off limits for govt raids to fund other activities. My generation (baby boomers) will drastically impact the fund in our retirement. We've paid into it for many years and many of us have been fortunate enough to have incomes exceeding the SS cap on wages. Had that cap been raised each time those receiving benefits enjoyed a COLA it would not have hurt us and the fund would be in far better shape.