What ever happened to this campaign idea??? Retirement Age Stars In Soc. Sec. Debate - CBS News Although I am a right leaning independent, I supported this plan. Social Security needs the money... Hit everyone who makes more than $250,000 the 6.2 percent Social Security payroll tax Obama has, however, called for a Social Security payroll tax on incomes above $250,000 a year, compared with the current $102,000 threshold. The idea that Bill Gates, Warren Buffet, & Donald Trump only contribute to SS at for their first $102,000 earned does not seem right. "Barack Obama is opposed to raising the retirement age. He believes we should strengthen Social Security while protecting the middle-class families that rely on it," said Jason Furman, Obama's campaign economic policy director. "To that end, he would like to work with Congress on a plan to ensure that people making over $250,000 pay a little more to strengthen this vital program for generations to come."