“The ‘Social Security 2100 Act’ can make a world of difference for Nettie , a Nat'l Committee member. A 2% across the board increase equaling about $300 annually for the average retiree, and a fairer cost of living index would give Nettie a modest boost to her monthly Social Security income.” -Max Richtman
(Today at ‘Social Security 2100 Act’ hearing)
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#politics #disability #republicans #democrats #social security #social security 2100 act #seniors #elderly #older americans #retirement #retirees #retirement crisis #entitlements #entitlement reform #earned benefits
For years, seniors have told us that they need their Social Security benefits boosted. They want fairer cost-of-living adjustments (COLAs) that reflect retirees’ true living expenses. They say it’s time for the wealthy to start paying their fair share in Social Security payroll contributions. Congressman John Larson’s Social Security 2100 Act would achieve all of that – and more.
The bill would keep the system solvent for nearly the rest of this century while modestly boosting benefits – and cutting taxes for retirees. Not only do seniors and advocates support this bill, the American public has affirmed the proposals that it embodies in poll after poll, across party lines and age groups.
National Committee president Max Richtman will be attending this event speaking about the current state of Social Security and the Social Security 2100 Act.
The Social Security 2100 Act provides much needed relief to seniors who are having a difficult time paying for basic expenses like healthcare, housing, and utilities.
Included in the “Social Security 2100 Act” are the following benefit improvements:
via NCPSSM.
Don’t miss our live conversation with Congressman John Larson (D-CT), author of the Social Security 2100 Act. His legislation keeps Social Security solvent until the next century and boosts benefits!
With the 116th Congress kicking off on January 3, 2019, and the Democrats seizing control of the House, it did not take long for a bill to emerge that would strengthen and expand the nation’s Social Security program. Seven years ago, when U.S. Congressman John Larson (D-CT) first introduced the Social Security 2100 Act during the 113th Congress, the GOP controlled Congress blocked a fair hearing and vote. Now, with a Democratic majority in the House Larson’s Social Security proposal will finally get a thorough review as Democrats take control of the House Ways and Means, Energy and Commerce, and Education and Labor. These committees have oversight of Social Security.
Larson chose to throw the bill into legislative hopper on the 137th anniversary of President Franklin D. Roosevelt’s birth, who signed Social Security into law in 1935…
…“For years, fiscal hawks have told us that the only way to ‘save’ Social Security is to cut benefits for future retirees. Congressman Larson’s bill is a resounding rebuke to those claims. The Social Security Act 2100 keeps the program financially sound for most of this century while boosting benefits for millions of beneficiaries,” said Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare.
via Go Local Providence.
Related Reading:
Boosting — rather than cutting — Social Security makes good financial sense. The program provides more than one trillion dollars in fiscal stimulus to the nation’s economy, as seniors, workers with disabilities and survivors spend their benefits on goods and services in all fifty states.
His [Rep. John Larson] latest proposal — the Social Security 2100 Act — has 204 co-sponsors. It also has the backing of industry groups including the AFL-CIO, the National Committee to Preserve Social Security and Medicare and Social Security Works. The bill would provide a boost for beneficiaries equal to 2% of the average benefit, set the minimum benefit at 25% above the poverty line and change the way the annual cost-of-living adjustment is calculated.
After years of Republican-led debate over how to pare back Social Security’s rising costs, Democrats are flipping the script with an ambitious plan to expand the New Deal-era social insurance program while making gradual changes to keep it solvent for the rest of the century.
The Social Security 2100 Act, which was introduced this past week in the House and the Senate, represents a sea change after decades dominated by concern that aging baby boomers would bankrupt the government as they begin drawing benefits from Social Security and other entitlement programs.
via New York Times.
Related Reading:
Boosting — rather than cutting — Social Security makes good financial sense. The program provides more than one trillion dollars in fiscal stimulus to the nation’s economy, as seniors, workers with disabilities and survivors spend their benefits on goods and services in all fifty states.
Rep. Larson’s bill is a resounding rebuke to conservative proposals, because it maintains Social Security’s financial solvency for generations while giving seniors a bump in benefits. Among other things, the bill would:
Rather than cut benefits or hike the retirement age, this proposal would increase benefits across the board. It would provide a better cost-of-living adjustment that would reflect the true cost seniors incur, such as higher medical expenses.
Senator Romney’s legislation has no provisions to ensure that future #seniors’ earned benefits are adequate for the expenses they will face. #TRUSTact @RepJohnLarson https://www.ncpssm.org/entitledtoknow/romneys-trust-act-is-back-again/
