Lawmakers working to extend social security to 2100

Politics

In case it’s not on your calendar, January 30 is Franklin Delano Roosevelt’s birthday.  And to celebrate the president who signed into law Social Security, lawmakers are unveiling what they call Social Security 2100. 

Democrats from the House and Senate and Social Security activists are pushing the legislation designed to increase benefits and keep Social Security afloat into the next century.

For many older Americans, Social Security is simply not doing the job.

Chairman of the Social Security subcommittee, Connecticut Congressman John Larson, says that’s why he’s introduced the Social Security 2100 Act to increase payments to older Americans.

“You cannot stand by and let 5 million people who are currently on Social Security live in poverty,” Larson said. “There will be a 2 percent across the board increase. No one can retire into poverty.”

And Nancy Altman, of Social Security Works, says the bill also shores up Social Security’s finances.

“It brings in enough revenue by requiring millionaires and billionaires to pay their fair share and to,” Altman said.

A similar effort two years ago failed to pass the House of Representatives. Congressman Larson says that will change with the Democratic majority, but Republican Tom Reed of New York, who is also on the Social Security Subcommittee is concerned about the cost of the Democratic plan.

“We need to potentially have conversations about backing that off and making sure that we do this in a wise way that doesn’t mean a tremendous amount of tax increases,” Reed said.

In the Senate, Democrats expect to have a difficult time convincing the Republican majority to support the plan.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Glen Mills

Chief Political Correspondent

For this Beetdigger and Ute it's an honor to be doing what he loves in his home state! Glen is an award winning journalist, who joined the ABC4 Utah team in June, 2013. You can catch him anchoring ABC4 Utah News at 4 Monday through Friday. He also serves as our Chief Political Correspondent, keeping you up to date on issues that impact your life at the city, state and national level. His political reports run throughout the week, and he hosts Utah's only statewide political talk show, Inside Utah Politics Sunday mornings at 8. The Utah Headliners Chapter of the Society of Professional Journalists recognized Glen as the best government and military television reporter in the state. Read More...

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