Support "Social Security 2100 Act"

The National Committee endorses the "Social Security 2100 Act," to be reintroduced shortly in the 115^thCongress (2017-2018) by Rep. John Larson (CT-01). This important bill provides vital benefit improvements while strengthening Social Security’s financial foundations.

The "Social Security 2100 Act" would: 1) provide an across-the-board increase for all beneficiaries of about 2 percent, a change that is projected to yield an annual increase for the typical retiree of $300; 2) adopt a fair and far more accurate formula used to calculate the annual Social Security Cost-of-living Adjustment (COLA); 3) provide tax relief for Social Security beneficiaries due to an increase in the threshold for taxation of Social Security benefits to $50,000 for individuals and $100,000 for joint filers, up from $25,000 and $32,000, respectively and 4) give an increase in the special minimum benefit so that it equals up to 125 percent of the poverty level for an individual. This would be indexed in future years by increases in the average wage level prevailing in the national economy.

This important bill sharply contrasts the devastating proposal by Rep. Sam Johnson (TX-03), which would drastically cut benefits, reduce the Social Security COLA and raise the retirement age to 69. The National Committee is urging lawmakers in the new Congress to support Rep. Larson's critical bill which would cut taxes for some beneficiaries, increase benefits and prevent Americans from retiring into poverty.