In the News: Social Security 2100 Act
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"Ninety-four percent of Americans contribute to Social Security all year long, but the wealthy stop paying after their first $168,600 in wage income."
Most Americans contribute to Social Security year-round, but U.S. millionaires will stop paying into the critical program on March 2—just over two months into 2024.
Rep. Larson and Nancy Altman, President of Social Security Works, wrote the following op-ed for Data for Progress:
Nancy Altman, President of Social Security Works, wrote the following op-ed that appeared in The Hill:
At last year’s State of the Union, President Joe Biden memorably called out Republicans for their support for Social Security cuts.
Lawmakers and union leaders are calling on Congress for fiscal changes during the year. Along with conversations about the budget and fair pay, some lawmakers want more attention to Social Security.
Mary Cannon-James, president of AFSCME Iowa Retiree Chapter 61, spoke Thursday at a Capitol Hill event hosted by Rep. John Larson (D-Conn.), warning of the risks to older Americans like her if the Fiscal Commission Act (H.R. 5779) becomes law.
"The labor movement stands united in our belief that slashing crucial programs like Medicare and Social Security... will make people poorer, sicker, hungrier and even lose their homes," said AFL-CIO president Liz Shuler.
A coalition of U.S. labor leaders spoke out forcefully on Thursday against the Republican-led push for a "fiscal commission," denouncing the proposal as an attack on Social Security, Medicare, and other programs that tens of millions of current and retired workers depend on to meet basic needs.
Knives come out from all sides for proposal to create independent deficit reduction panel
A proposed fiscal commission to fast-track deficit reduction measures, already under attack from the right, also faces a stepped-up assault from the left.
Washington lawmakers have proposed changing the way cost-of-living adjustments are calculated.
Many retired Americans have struggled with rising prices in recent years. A survey by the Employee Benefit Research Institute found that 58% of retired workers worry they will have to make substantial spending cuts due to inflation.
For more than two decades in Washington, D.C., East Hartford Congressman John B. Larson has been harping on the need to protect the Social Security system, or as he likes to say, America’s best insurance policy.