Larson Introduces Bills to Block Trump’s Plan to End Social Security
Hartford, CT – Today, House Ways and Means Social Security Subcommittee Chairman John B. Larson (CT-01) introduced the Save our Social Security Now Act with Ways and Means Committee Chairman Richard Neal and 19 colleagues to overturn President Trump’s executive action to defer payroll contributions. They also introduced a resolution of disapproval working in a parallel effort with Senators Schumer and Wyden, to initiate a Congressional Review Act resolution to expedite the vote.
“Americans are relying on Social Security more than ever during this pandemic. They need to know that Social Security is secure and will be there for them. Today Chairman Richard Neal and I introduced legislation to block the President’s first step in defunding Social Security – his action to defer payroll contributions,” said Larson.
“President Trump has repeatedly said publicly that he will terminate payroll contributions altogether if he wins a second term. His emphatic pledge would defund Social Security and deplete the disability trust fund in 2021, and the retirement and survivor fund in 2023. Eliminating payroll contributions would achieve a long-time conservative goal to eliminate Social Security. It would destroy the financial stability these benefits have provided for generations of retirees, widows, children, and people with severe disabilities. This threat is a blatant attack on the nation’s number one insurance and economic support plan for seniors. Democrats and a grateful nation will stand together in defending Social Security, a cornerstone of our nation’s social compact, a sacred trust we vow to protect.”