Social Security for future generations of Americans
We are all aware that, starting next year, Social Security is entering a new era; benefits will be sustained not only by current payroll taxes but also by withdrawals from reserves accumulated over the last three decades. In the attached op-ed published on the Brookings Institute website, while they praise Chairman John Larson of the House Ways and Means Subcommittee on Social Security for introducing the Social Security 2100 Act, they think they should pause to consider several tough questions. Click here … to find out what those questions are.
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 current Rep. Larson (D-CT) and merging them with the Association’s own well researched ideas. 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 staffs over the past several years. Read AMAC’s plan here.