Norcross, Larson, 201 Colleagues Introduce Landmark Social Security Proposal
WASHINGTON, DC – Today, U.S. Congressman Donald Norcross joined the Chairman of the Ways & Means Social Security Subcommittee, John B. Larson (CT-01), in introducing the Social Security 2100 Act, H.R. 860, a bill that increases Social Security’s vital benefits while making the system financially strong throughout the 21st century.
“While Republicans are trying to privatize or dismantle Social Security to pay for their expensive tax cuts for billionaires, I’m fighting to honor our commitments by expanding and preserving the system for retirees and working Americans,” said Congressman Norcross. “I’m proud to cosponsor the Social Security 2100 Act that improves benefits while ensuring solvency so there’s economic security for generations to come.” (Click here for a video about this bill and Republican and Democratic priorities.)
“Social Security is not an entitlement – it’s the insurance Americans have paid for through a lifetime of work to fund retirement, disability, and survivor benefits. The Social Security 2100 Act takes common sense steps to increase benefits and to make the system financially secure for the next 75 years and beyond. Social Security is the most successful program in American history, it is time to improve it for the future,” said Larson.
The Social Security 2100 Act, H.R. 860, provides the following:
- An across-the-board benefit increase for current and new beneficiaries
- An improved cost-of-living adjustment (COLA) that takes into account the true costs incurred by seniors
- A stronger minimum benefit, so someone who works their whole life does not retire into poverty
- A tax cut for over 12 million Social Security recipients by eliminating the tax on their benefits
- Social Security is the most important source of retirement income for 4 out of 5 seniors. It also provides protections to disabled workers and families who have lost a breadwinner. With common sense steps like those in the Social Security 2100 Act, Congress can improve benefits while ensuring Social Security remains finally strong throughout the century.
Contact: Ally Kehoe, Communications Director