Chairman Larson’s Statement on the 2019 Social Security Trustees Report

Washington, D.C. – Ways and Means Social Security Subcommittee Chairman John B. Larson (CT-01) released the following statement on the 2019 Social Security Trustees Report:

"Today's report confirms that Social Security's financing is strong in the near term and faces a modest shortfall over the long term. The report underscores why it is so important that Congress take action now to prevent cuts from occurring in 2035, by ensuring Social Security is fully funded and strengthened for today's seniors and future generations," said Larson. "I have proposed and held hearings on the Social Security 2100 Act, which increases benefits for current and future retirees, and makes the trust fund sustainably solvent for the rest of this century and beyond, to ensure benefits are paid in full. With 10,000 Baby Boomers becoming eligible for Social Security every day, and with people facing a retirement crisis after still not fully recovering wealth lost during the Great Recession, the time to act is now."

For more information about the Social Security 2100 Act, read the proposal here.