Originally published by The Hill–
The nation is facing a retirement income crisis. Social Security is unquestionably the nation’s most important source of retirement income. But the last time Congress expanded Social Security was when Richard Nixon was president. Unless this Congress addresses the crisis by expanding Social Security, too many Americans will be unable to retire without a drastic and precipitous drop in their standards of living.
As the wealthiest country in the history of the world, America can afford to protect and expand Social Security — if we require those at the top to contribute their fair share. The good news is that this Congress is poised to take action.
Rep. John Larson (D-Conn.), chair of the House Social Security Subcommittee, just held a hearing on his legislation, Social Security 2100: A Sacred Trust. The 2100 Act is co-sponsored by 90 percent of House Democrats and incorporates all of the expansions that President Joe Biden promised during his winning campaign.