November 01, 2021
Representative Larson Introduces Social Security Expansion Bill With 194 Co-Sponsors
Representative John Larson (CT) held a press conference on Tuesday as he introduced the Social Security 2100: A Sacred Trust Act (H.R. 5723). Alliance President Robert Roach, Jr., attended the event with dozens of lawmakers who spoke in favor of the legislation.
Rep. Larson’s bill expands and strengthens Social Security. It increases benefits for all beneficiaries by requiring wealthy Americans to pay Social Security payroll tax on wages above $400,000. It also ensures that annual cost-of-living increases are calculated based on the CPI-E, which takes into account the items retirees spend their money on, including prescription drugs. It will also restore the earned Social Security benefits to nearly 2 million public sector retirees by repealing the Windfall Elimination Provision and Government Pension Offset.
“In America, millions of Social Security beneficiaries are having to make the choice between food and medicine on a daily basis. This is unacceptable in the richest and greatest country in the world,” said President Roach. “Black American, Hispanic American and Asian American Social Security beneficiaries were disproportionately affected during the pandemic, exacerbating inequality.
A recent poll indicated that our nation’s seniors voted in the last election with the hope and expectation of seeing improvements to the Social Security benefits they have earned. Voters will remember this when they vote. The Alliance for Retired Americans 100% supports Representative Larson’s bill.”