Originally published by The National Interest– For the last several years, Democratic Congressman John Larson (D-CT) has been on a quest to save Social Security. Called Social Security 2100, the plan has nearly two hundred co-sponsors across both houses of Congress. The latest version of the bill, which is different from how it looked in past […]
Can Congressman John Larson Save Social Security? Read More »
Originally published by Market Watch– The pandemic placed the spotlight on the importance of Social Security and what it means to older Americans, who were among the hardest hit these last 21 months. It’s one of the reasons why Congress needs to act to enhance the program, said Rep. John Larson, chairman of the House
This is why Congress needs to act on Social Security — right now Read More »
Originally published by CNBC– It has been 39 years since Congress has taken action to change Social Security. Some House Democrats are hoping to change that with a bill to improve benefits that has been revamped and reintroduced in Congress. On Tuesday, a House Ways and Means Social Security Subcommittee held a hearing to consider
Originally published by CNBC– House Democrats are reintroducing a Social Security reform bill popular with their party. This time, it features some changes aimed at attracting more support from Republicans. The bill, known as the Social Security 2100 Act, is being brought forward by Rep. John Larson, D-Conn., chairman of the House Ways and Means
Congress has a new plan to fix Social Security. How it would change benefits Read More »
(WFSB) – On Sunday morning, CT ’21’s Eric Parker is talking about social security. Most people pay into it, but will we get what we expect out of it when it’s time to retire? This week, Connecticut First District Congressman John Larson is expected to introduce a new bill, Social Security 2100: A Sacred Trust.
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Originally published by The National Interest– Social Security has been in the news a lot in recent months. First, the Social Security Administration released a report stating that the main trust fund that finances the program will deplete a year earlier than previously believed unless Congress takes action. Secondly, the long-awaited report came out revealing that
Bill in Congress Would Change How Social Security Works Read More »
Originally published by Yahoo Finance– Big changes to Social Security could be coming. A new proposal from U.S. Rep. John Larson (D-Conn.) calls for a benefit bump for current and new Social Security beneficiaries, an overhaul to how the annual cost-of-living adjustment (COLA) is formulated and increased payroll tax collections on the wealthiest Americans. The legislation, dubbed “Social Security
This Proposal on Capitol Hill Could Impact Your Social Security (And Your Paycheck) Read More »
Originally published by Roll Call– Social Security recipients will get a 5.9 percent boost in benefits next year, representing the highest cost-of-living adjustment in almost four decades, the Social Security Administration announced Wednesday. The inflation adjustment eclipses last year’s 1.3 percent increase and would be the highest since July 1982, according to the SSA, before
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Originally published by The Hill– This year, Social Security’s birthday, Aug. 14, comes at an exciting time. Congress is on the verge of greatly expanding our economic security through its upcoming reconciliation bill. Because Social Security cannot be addressed through budget reconciliation, it is not part of that legislation. But given the overwhelming consensus among the American
Happy 86th birthday, Social Security — it’s time to expand benefits Read More »
Originally published by CNBC– It’s no secret that Social Security is underfunded, and many Americans are struggling to scrape by on their monthly benefit checks. Now, congressional leaders have raised a key question on reforming the program. “Should we vote now or should we kick the can down the road?” said Rep. John Larson, D-Conn.,
