Social Security
Washington, D.C. - Today, during a hearing on the solvency of Social Security, Ways and Means Social Security Subcommittee Ranking Member John B. Larson (CT-01) highlighted the urgent need for Congress to extend the solvency of Social Security and enhance benefits by making the wealthy pay their fair share.
Thank you, Mr. Chairman, for holding this important hearing.
I also want to thank the witnesses, Mr. Goss from the Social Security Actuaries, Dr. Swagel from the Congressional Budget Office, and Mr. Huston from the Congressional Research Service.
Washington, D.C. - Today, House Ways and Means Social Security Subcommittee Ranking Member John B. Larson (CT-01) released the following statement on the 2024 Social Security Trustees Report, which shows that the Social Security Trust Fund will face insolvency by 2035 if Congress does not act.
Voters who show up at the polls this November may not just be choosing among Republicans, Democrats and third-party tickets — but also casting a vote on the future of Social Security.
Social Security is expected to pay $1.5 trillion in benefits to an average of almost 68 million Americans per month in 2024.



