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Social Security 2100 Act will Strengthen Social Security, Increase Benefits, Cut Taxes for Seniors

WASHINGTON, DC – Today, Congresswoman Debbie Dingell (D-MI) joined the Chairman of the Ways & Means Social Security Subcommittee, John B. Larson (D-CT), in introducing the Social Security 2100 Act, a bill that increases Social Security’s vital benefits while making the system financially strong throughout the 21st century.

“Social Security is a part of our nation’s fabric. It’s woven into who we are as a country and how we care for our citizens,” said Dingell, a co-chair of the Expand Social Security Caucus. “Social Security provides the foundation of economic security for nearly all Americans. We have to protect it. We have to enhance it. The Social Security 2100 Act will ensure Social Security will be there for generations to come and remain true to the promise John Dingell, Sr. and FDR made when Social Security was enacted more than 80 years ago.”

“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 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.

A summary and more information about the Social Security 2100 Act is available here.

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