Bill to expand Social Security ‘gives lie to the myth’ that safety net program is going bankrupt
By Deidre Fulton / Common Dreams
Legislation that would expand benefits for Social Security recipients while giving millions of seniors a tax break was re-introduced in the U.S. House on Wednesday, with support from over two-thirds of the Democratic caucus—and, its backers hope, from large swaths of the grassroots resistance movement.
Rep. John Larson’s (D-Conn.) bill, the “Social Security 2100 Act” or H.R. 1902, bears more co-sponsors than any other previous proposal to expand Social Security.
It “gives lie to the myth that Social Security is going bankrupt and the only way to save it is by cutting benefits and raising the retirement age,” said National Committee to Preserve Social Security and Medicare president Max Richtman upon its unveiling. “This legislation asks the wealthy to start paying their fair share so that current and future retirees know that Social Security is there for them well into the future—solid, strong, and uncompromised.” [Read more…]