Latest News

Rep. Adrian Smith (R-NE) says strengthen Soc Sec

Congressman Adrian Smith (R-Nebraska), a member of the Ways and Means Committee, summarized the challenges facing Social Security as referenced in the annual Trustees Report of April 22nd.  Calling the report “alarming”, he challenged Congress to tackle the looming insolvency of the program.  Rep. Smith rejected both increasing payroll taxes, due to their being regressive, and raising the cap on wages.  The latter would create new benefits for millionaires, as the current system pays benefits based on lifetime contributions.  If Congress were to decouple benefits from contributions, that would be a fundamental change in the nature of the program.   “A modernized Social Security system would allow seniors to make their own retirement decisions rather than pressure them to conform to a one-size-fits-all program.”  Read his full op-ed here.

The Association of Mature American Citizens (AMAC) believes Social Security must be preserved and modernized.  This can be achieved by making modest changes in cost of living adjustments and the retirement age, with no additional taxes on workers.  AMAC advocates for a bipartisan compromise, “The Social Security Guarantee Act,” taking selected portions of bills introduced by former Rep. Johnson (R-TX) and Rep. Larson (D-CT) and merging them with the Association’s own well researched ideas.  One component is Social Security PLUS, a new yet voluntary early retirement plan that would allow all earners to have more income available at retirement.  This component is intended to appeal especially to younger workers.  AMAC is resolute in its mission that Social Security be preserved and modernized and has gotten the attention of lawmakers in DC, meeting with a great many congressional offices and their legislative staffs over the past several years.  Read AMAC’s plan here.



Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers