In The News
Opponents of Social Security are latching onto the worldwide pandemic and resulting economic collapse to, at best, undermine confidence in Social Security and, at worst, slash its modest benefits. Here are the facts.
Today marks Social Security’s 85th anniversary. For 85 years, it has provided millions of Americans with peace of mind that they will have support in their retirement. It has never missed a payment. However, Social Security is now under assault.
They come every year to the same place, an urban hospital that treats gun trauma and, in 2020, tests for a novel coronavirus. It sits in a census tract where 90% of the residents are black or Hispanic, 40% live in poverty and 15% of the apartments are vacant.
Washington – The U.S. House late Friday approved a massive, $3 trillion coronavirus spending package that would, among other things, provide a second round of $1,200 stimulus checks, $200 billion in hazard pay for essential workers – including those at Electric Boat shipyards– and extend the federal $600-per-week unemployment benefits for six more months.
The Democratic chairmen of two House panels are scrutinizing a State Department plan to overhaul Social Security that they say unfairly takes away Americans’ entitlement benefits in exchange for a quick cash payment.
Congressman John Larson is the only member of the Connecticut congressional delegation asked to be part of the “Opening Up America Again” congressional group assembled by President Donald Trump. This group is a sprawling and nominally bipartisan assemblage that features three times as many Republicans as Democrats.
WASHINGTON DC (WFSB) - A bill aimed at creating bonds, such as those made during World War II, to help fund the federal government's public coronavirus response will be introduced on Wednesday.
Rep. John Larson, who represents Connecticut's 1st District, called it the Victory Bonds Act of 2020.
“As public health experts and most notably, Dr. Fauci have stated, the COVID-19 pandemic is first and foremost a health crisis, which has devastated the economy,” Larson said in a statement.
He said the health and economic issues need to be addressed head on and at the same time.
n Friday afternoon the Hartford Business Journal and New Haven BIZ presented a timely webinar, The CARES Act and the PPP: Where Are We Today, and What Can Businesses Expect Tomorrow?