PRIORITIES • Protect Our Future • Policy to
Defend Social Security
Why I believe this — and how I’ll fight for it.
Social Security is the closest thing this country has to a promise. You work, you pay in out of every single paycheck for 40 or 50 years, and when you're done, that money comes back to you. It isn't charity, and nobody handed it to you. You earned it.
I spent years of my career expanding care for seniors in rural places — towns where the hospital is an hour away and the specialist is farther. I sat with people whose entire monthly income was a single check from Social Security. They weren't looking for a handout. They'd worked their whole lives — on farms, in classrooms, on job sites — and this was the deal.
The promise of Social Security is about 6 years from breaking. In June, the program's own trustees reported that the retirement trust fund runs dry in 2032. When it does, benefits get cut 22% automatically, across the board, for everyone — roughly $500 a month gone from the average retiree's check. A woman living on $1,900 a month suddenly living on $1,480.
Both parties have known this was coming for years. Neither will touch it, because the arithmetic is uncomfortable, and the next election is always closer than 2032. So the plan — the actual plan — is to let it happen and blame the other side when it does. I'm not willing to let that happen — not to my parents' generation, not to yours.
No single lever solves this alone, and anyone who says otherwise is selling you something. That's the fight I intend to lead, and I intend to bring this district with me.
Here’s what I’ll do — and why
Go get the waste first. Corporate subsidies that have never faced a review. Contracts nobody read. The billions in improper payments the inspectors general flag every year while Congress files the report and moves on. That money goes back into Social Security. Waste first. Always.
No cuts to the check — and no moving the goalposts on anyone close to retiring. Two guarantees, flat out. I won't vote to cut a dollar from anybody's earned benefit, and I won't change the retirement age on people at or near retirement. You planned a life around a number, and Washington doesn't get to move it on you at 61. Beyond that, I won't pretend the rest solves itself. If we're still short, every option goes in front of the country in the open, and people get a say before anything is decided — not after it defaults in 2032.
Find the money in the places nobody looks. I'm running on sunset reviews — making programs prove they still work, with corporate subsidies, contracts, and tax carve-outs first in line. Social Security and Medicare are permanently exempt from that, and I will never put them on the chopping block. The reason to review everything else: every dollar lost to a contract nobody read is a dollar that isn't keeping the promise this country made.
Never hand it to Wall Street or the insurance industry. Every few years someone floats privatizing Social Security — moving your retirement into the market, where a bad decade could wipe out 30 years of work, with fees skimmed off the top the whole way. Your retirement should not be somebody's product. The people pushing this have wanted their hands on the largest pool of money in the world for decades, and they'll keep coming back for it. I'll fight it every time, and I don't take a dollar from the industries that keep proposing it.
Make the annual raise match what seniors actually buy. Benefits get a cost-of-living adjustment every year, but it's calculated off a basket of goods built around working-age spending. Seniors spend huge amounts on healthcare, prescriptions, and housing — and costs are rising faster. That means every year the "adjustment" quietly falls short. A cost-of-living raise should reflect the cost of the life you're actually living. I'd recalibrate it to a senior-weighted measure, so the check keeps pace with the bills that land in your mailbox.
Stop taxing the people who have nothing but Social Security. Your Social Security benefits can be taxed — and the income thresholds that trigger it haven't been updated since 1984. A tax meant for a small number of high-income retirees now reaches ordinary ones. Under the working-class tax cut I'm fighting for, no one pays federal income tax on their first $150,000 — which means if you're living principally on Social Security, your benefits aren't taxed at all. You already paid tax on that money when you earned it. Taxing it a second time was never the deal.
Stop the leak inside the program itself. Between 2015 and 2022 Social Security paid out close to $72 billion it shouldn't have, most of it overpayments sent by an agency running decades-old systems with too few people to catch the error. Then it comes after the beneficiary. In 2025 the agency began withholding up to half of a monthly check to claw that money back — a woman who did nothing wrong losing half her income because a federal computer got it wrong. The inspector general has published the fixes for years and they sit unimplemented. I'd implement them, staff the agency to catch errors before the money leaves, and cap recovery so nobody loses their housing paying for somebody else's mistake. Every dollar that stops going out the wrong door stays in this program.
And fix the service while we're at it. Field offices have closed, phone waits run an hour, and disability claims sit for months while someone too sick to work waits on an answer. In rural communities, these closures aren’t merely an inconvenience. Accessing help can eat up half a day. Starving the agency is a benefit cut with a longer fuse. One standard: can a 78-year-old in Colusa County get a straight answer without losing a day of her life.
Keep the promise alive for the people who haven't made it yet. The reason to fix this now is the people who won't retire for 30 years — the ones told their whole working lives it won't be there when their turn comes. It should be. They pay in out of every check exactly like their parents did, and they've earned the same guarantee.
What this means for Our District
Social Security runs through one committee in the House: Ways and Means. Our congressman has sat on it for over 20 years — the exact committee responsible for this program. The year he joined it, the trustees projected the money would last until 2041. That was 36 years to work with. It's now six. Only one Democrat on that committee has taken more corporate PAC money than Congressman Thompson.
The record is on paper. In 1999 he said he could support privatizing Social Security in a "measured way." In 2000 he voted against repealing the tax on seniors' benefits. In 2013 he voted to make the Simpson-Bowles plan the basis of the federal budget — a plan that raised the retirement age to 69 and slowed the annual raise. In March 2015 he voted against a budget that set the yearly raise by a senior-weighted index.
He has put his name on good bills. But more than two decades on the one committee with jurisdiction has produced no plan, no bill of his own, and no fix. There is no Social Security plan anywhere on his website — the seniors page hasn't been touched since February 2024, before the trustees moved the date to 2032. At some point that stops being bad luck. Either the will isn't there or the way isn't, and from where I sit it looks like both. When the committee that runs this program is stocked with the members corporate money likes best, the program is nobody's priority. In a district with this many retirees and fixed-income families — people in Lake, Colusa, Sutter, and Yuba counties for whom that check is the budget — that's the difference between making it and not. I take no corporate PAC money, no special interest money, and no foreign money. Seniors are the constituency I answer to.
The bottom line
This is a solvable problem. We know the date, we know the math. What's missing is a Congress willing to say so before the deadline instead of after. So let's be the ones who fix it — protect every dollar people spent a lifetime earning, and hand our kids a promise that still means something. Our parents kept this promise for us. Let's go keep it for them.
SOURCES
The 2005 Trustees Report — released the year Rep. Thompson joined the Ways and Means Committee — projected the trust funds would be exhausted in 2041: Social Security Administration — 2005 Trustees Report press release, March 23, 2005
Retirement (OASI) trust fund projected depleted in Q4 2032 with 78% of scheduled benefits payable — a 22% cut: SSA — 2026 OASDI Trustees Report https://www.ssa.gov/oact/TR/2026/ · SSA press release, June 9, 2026 https://www.ssa.gov/news/en/press/releases/2026-06-09.html
Average cut of roughly $500 per month for retirees: CNBC, June 2026 https://www.cnbc.com/2026/06/03/social-security-benefit-cuts-trust-fund-shortfall.html
A senior-weighted price index (CPI-E) rises faster than the current measure because seniors spend more on healthcare: CRS — A Hypothetical COLA Based on the CPI-E https://www.congress.gov/crs-product/IF12675 · SSA — COLAs and the Consumer Price Index https://www.ssa.gov/policy/docs/ssb/v67n3/v67n3p73.html
Thresholds for taxing Social Security benefits unchanged since 1984: SSA — Income Taxes and Your Social Security Benefit https://www.ssa.gov/benefits/retirement/planner/taxes.html
Ways and Means Committee jurisdiction over Social Security; Thompson's membership on the committee: House Committee on Ways and Means — Subcommittees https://waysandmeans.house.gov/subcommittees/
Corporate PAC contributions to Thompson and to other Democratic members of the Ways and Means Committee: FEC — Mike Thompson for Congress, Committee C00326363 https://www.fec.gov/data/committee/C00326363/ · FEC — Campaign Finance Data https://www.fec.gov/data/
H.R. 4865, the Social Security Benefits Tax Relief Act, passed the House 265–159 on July 27, 2000, repealing the 1993 increase in the share of Social Security benefits subject to income tax; Rep. Thompson voted No: Office of the Clerk, U.S. House of Representatives — Roll Call 450, 106th Congress https://clerk.house.gov/Votes/2000450 · Social Security Administration — Legislative Bulletin, August 4, 2000 https://www.ssa.gov/legislation/legis_bulletin_080400.html
H.R. 444, amendment providing that the Simpson-Bowles recommendations should form the basis for meeting the bill's requirements, failed 75–348 on February 6, 2013; Rep. Thompson voted Aye: Office of the Clerk — Roll Call 36, 113th Congress https://clerk.house.gov/Votes/201336
H. Con. Res. 27, the Congressional Black Caucus budget substitute — which proposed calculating Social Security cost-of-living adjustments using the Consumer Price Index for the Elderly — failed 120–306 on March 25, 2015, with 120 Democrats in favor; Rep. Thompson voted No: Office of the Clerk — Roll Call 137, 114th Congress https://clerk.house.gov/Votes/2015137
Rep. Thompson co-authored the Social Security 2100 Act (H.R. 1391) on April 21, 2015, which adopted the CPI-E formula for cost-of-living adjustments: Rep. Mike Thompson — press release, April 21, 2015 https://mikethompson.house.gov/newsroom/press-releases/thompson-co-authors-social-security-proposal-cut-taxes-seniors-increase
Rep. Thompson's House and campaign websites carry no Social Security policy page; the Seniors page was last modified February 15, 2024: mikethompson.house.gov/issues/seniorshttps://mikethompson.house.gov/issues/seniors · mikethompsonforcongress.com/issues/seniorshttps://www.mikethompsonforcongress.com/issues/seniors
Social Security made an estimated $72 billion in improper payments from fiscal 2015 through 2022, most of them overpayments, and had a $23 billion uncollected overpayment balance at the end of fiscal 2023; the inspector general reports that recommended improvements go unimplemented: SSA Office of the Inspector General https://oig.ssa.gov/news-releases/2024-08-19-ig-reports-nearly-72-billion-improperly-paid-recommended-improvements-go-unimplemented/ · SSA OIG — Improper Payments https://oig.ssa.gov/audit-reports/improve-prevention-improper-payments/index.html
Federal agencies identified $186 billion in improper payments government-wide in fiscal year 2025: U.S. Government Accountability Office, GAO-26-108694 https://www.gao.gov/products/gao-26-108694
1999 statement on privatizing Social Security "in a measured way": contemporaneous newspaper report; the campaign holds the source clipping.