Washington – Today, Rep. John B. Larson (CT-01) announced that the Congressional Progressive Caucus (CPC) endorsed his legislation to expand and strengthen Social Security. The Social Security 2100 Actwould increase benefits for all current and future beneficiaries, institute an improved cost-of-living adjustment, cut taxes for millions of beneficiaries, and ensure Social Security remains solvent through the end of the century.
Washington – At today’s Ways and Means Committee Hearing, Rep. John B. Larson (CT-01) spoke with Secretary Jack Lew of the U.S. Department of the Treasury about the need for Congress to take swift action to strengthen Social Security. Larson previously introduced the Social Security 2100 Act to cut taxes, increase benefits, safeguard against inflation, and ensure Social Security remains solvent through the end of the century.
It seems every time we talk about the long-term future of Social Security, many in Washington start clamoring to raise the retirement age or propose other ways to trim Social Security’s modest benefits. For the two-thirds of retirees who rely on Social Security for a majority of their income, there is not a Social Security crisis, there is a retirement crisis. That is why we must preserve and enhance the one program Americans have always been able to count on.