While some stats say retirees will struggle in the coming decades, one Social Security proposal aims to change this.

The act has gained attention after recent announcements that say the program will be able to run for one year longer than projected. According to the legislators behind this bill, their idea could fully fund Social Security for 75 years, expanding it by $2,400 per year.

The legislation aims to do this by removing the $250,000 cap on Social Security taxes – if it works, the idea is that high earners will make up the difference and that taxes won’t go up on the vast majority (90+ percent) of American households.

What do you think? Is raising taxes on the rich the way to keep Social Security going? Even if it is, does this proposal stand to pass? Learn about our Social Security legal efforts here, then follow us on Twitter and Facebook.