Latest News
Dem’s new plan to make Social Security solvent
With a great deal of fanfare, supported and apparently endorsed by the NY Times, Congressional Democrat’s unveiled their new plan to increase Social Security benefits while at the same time predicting that through raised payroll taxes it will resolve the program’s financial woes for the rest of this century. Florida Democratic Representative Darren Soto used a town hall meeting to tout the new bill, but faced some tough questions on related topics, like Congress raiding the Trust Fund to pay for non-Social Security programs (a myth). It’s impossible to predict potential success of this partisan bill but it will hopefully, at a minimum, open a dialogue between Republicans and Democrats on how to achieve a bipartisan solution to Social Security’s insolvency in less than 2 decades. This article by Eric Pera appears in The Ledger (Lakeland, FL) describing Rep. Soto’s Town Hall meeting where the Social Security 2100 bill was discussed.
AMAC has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee, which would fix the program’s financial issues without raising payroll taxes. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.
To read the article in The Ledger about Rep. Soto’s Town Hall meeting, click here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.