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Rep. DeFazio Introduces Two Bills to Protect Social Security Trust Fund and Keep Program Solvent Through 2057
April 23, 2015. Rep. Peter DeFazio (D-OR) today introduced a pair of bills that would protect Social Security trust funds from being diverted to pay for other programs and preserve Social Security benefits for future generations. The first bill, HR 1984, the Fair Adjustments and Income Revenues (FAIR) for Social Security Act, would ensure that the Social Security Trust Fund pays beneficiaries full benefits at least through the year 2057. Central to the bill is eliminating the cap that allows the wealthiest individuals to pay a significantly lower percentage of their income into the Social Security Trust Fund. Read more…
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