House Democrats Unveil Social Security Expansion Bill With Unprecedented Support

Babba

Former Staff
Jul 2007
74,857
64,960
So. Md.
#1
They should shout this from the hilltops! This would be very popular with most voters.

In less than a decade, mainstream Democrats in Congress have gone from entertaining Social Security cuts to almost universally endorsing the program’s expansion.

With Democrats in charge of the House for the first time since this tidal shift upended party orthodoxy, senior members of Congress are setting the stage for the legislative chamber to increase Social Security benefits, bringing a onetime liberal pipe dream a step closer to law.

Democratic Reps. John Larson (Conn.), Conor Lamb (Pa.) and Jahana Hayes (Conn.) are introducing the Social Security 2100 Act on Wednesday, legislation that would expand Social Security benefits across the board and prolong the program’s solvency for the next 75 years and beyond. The legislation finances a more generous benefit and cost-of-living adjustment formula, a reduction in income taxes on benefits and the closure of Social Security’s long-term funding gap by lifting the cap on income subject to payroll taxes and raising those tax rates.

The bill is being rolled out on the 137th birthday of President Franklin D. Roosevelt, who established Social Security as part of his New Deal in 1935.

The bill already has the support of more than 200 House Democrats, including House Ways and Means Committee Chairman Richard Neal (D), who relied on Social Security payments to help pay for college after his father died.
House Democrats Unveil Social Security Expansion Bill With Unprecedented Support

I've advocated lifting the cap for a couple of decades. Or at the very least raise it.
 
Feb 2010
33,964
23,703
between Moon and NYC
#2
Will be a huge tax increase on those rascally rich folks. The proposal isn't new. Although some of the listed benefits for the receiving end of the change are new.

May fly. Dunno. But there are usually unintended (negative) consequences to big tax proposals like this.




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Feb 2011
16,958
11,313
The formerly great golden state
#3
Since it's proposed by Democrats, the Republicans will surely have to oppose it. Since the Republicans have the Senate and the Executive Branch, this bill will have to wait to become law.

The merits of a proposed law don't matter. All that matters is which party supports it, and whether that party has a majority.
 
Feb 2010
33,964
23,703
between Moon and NYC
#4
Since it's proposed by Democrats, the Republicans will surely have to oppose it. Since the Republicans have the Senate and the Executive Branch, this bill will have to wait to become law.

The merits of a proposed law don't matter. All that matters is which party supports it, and whether that party has a majority.
Political gamesmanship is certainly part of the formula.




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Jul 2013
53,777
57,582
Nashville, TN
#5
We used to have a poster on here that droned on endlessly about how Social Security was going to go bankrupt, etc, etc, etc. This sounds like a solution to that insolvency problem, time to vote in some progressive legislation, the country is ready for it.
 
Likes: Mr. Chipps
Jul 2013
53,777
57,582
Nashville, TN
#7
Will be a huge tax increase on those rascally rich folks. The proposal isn't new. Although some of the listed benefits for the receiving end of the change are new.

May fly. Dunno. But there are usually unintended (negative) consequences to big tax proposals like this.




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All the GOP has talked about for past decade is cutting social security by cutting benefits, raising age limits or a combination of the two.