Tag Archives: Social Security

The U.S. Senate approved a broadly bipartisan bill early Saturday that would increase Social Security benefits for millions of Americans with pensions by ending two of the program’s policies in place for decades — the windfall elimination provision and government pension offset. The legislation, which would cost more than $195 …

Jimmy Williams A recent budget proposal by the Republican Study Committee, a group of influential House Republicans, outlines significant changes to Social Security and Medicare, hinting at future GOP governance strategies and setting the stage for potential policy clashes with President Joe Biden and the Democratic Party in the upcoming …

Jake Johnson, Common Dreams The chair of the Senate Finance Committee said legislation advanced Thursday by the GOP-controlled House Budget Committee is a “backroom scheme” to cut Social Security and Medicare outside of the regular political process, a warning that came as Republicans signaled their intention to attach the bill …

Jon Queally, Common Dreams Whichever Republican emerges victorious in the party’s Iowa caucus on Monday and ultimately becomes the GOP nominee, defenders of Social Security want the voting public to know that not a single one of them can be trusted to defend what is considered the greatest anti-poverty program …

Jennifer Shutt, Georgia Recorder The winner of this year’s presidential election could very well be holding the reins when it comes time to address Social Security’s complicated financial situation. The program, which millions of retirees depend on for income stability, will see benefits cut by nearly a quarter in 2033 …

Jennifer Shutt, Georgia Recorder U.S. senators debated Wednesday how best to resolve a funding cliff within Social Security that will lead to a quarter reduction in benefits in about a decade, absent action from Congress. Democrats on the Budget Committee, led by Chair Sheldon Whitehouse of Rhode Island, called for …

A panel comprised of three-quarters of the House Republican caucus released a budget proposal on Wednesday that would raise the Social Security retirement age—cutting benefits across the board—while further privatizing Medicare and slashing taxes for the rich, a plan that Democratic lawmakers and progressive advocacy groups said is a clear …

After securing a debt ceiling agreement that caps federal spending and threatens food aid for hundreds of thousands of poor adults, House Speaker Kevin McCarthy made clear Wednesday that Republicans are not finished targeting the nation’s safety net programs—and signaled a coming effort by the GOP to slash Social Security …

Jake Johnson, Common Dreams A group of House Democrats on Tuesday began rolling out legislation to strengthen and expand Social Security as their Republican counterparts’ debt ceiling brinkmanship threatens to disrupt the program’s monthly payments, which keep millions of seniors and children across the U.S. out of poverty each year. …

Jennifer Shutt, Florida Phoenix Social Security will no longer be able to pay full benefits in 2033, a year earlier than previously expected, according to a report released Friday. The updated projections, in the annual trustee report, mean that without action to stabilize the Old-Age and Survivors Insurance Trust Fund, Social …

Kenny Stancil, Common Dreams As congressional Republicans threaten to cut Social Security and other key federal programs, progressive Sens. Bernie Sanders and Elizabeth Warren led a group of lawmakers Monday in unveiling legislation that would increase Social Security benefits by at least $200 per month and prolong the program’s solvency …

Mitch Perry, Florida Phoenix Two days after delivering a spirited State of the Union address in Washington, D.C., President Joe Biden appeared in Florida on Thursday before an intimate crowd at the University of Tampa, where he pledged to protect Social Security and Medicare and push for Medicaid expansion for …

Jake Johnson, Common Dreams The Biden White House made clear on Monday that it opposes the creation of commissions to devise changes—and possible cuts—to Social Security and other U.S. trust funds, rejecting an idea embraced by Republicans and Democratic Sen. Joe Manchin amid a dangerous standoff over the nation’s debt …

Jake Johnson Former Vice President Mike Pence, a possible 2024 presidential candidate, has voiced support for a Social Security privatization scheme that the George W. Bush administration unsuccessfully pushed nearly two decades ago. In a closed-door event Thursday hosted by the National Association of Wholesale-Distributors, a corporate trade group, Pence …

Jake Johnson, Common Dreams Republican Rep. Rick Allen of Georgia suggested last week that he would support raising the Social Security retirement age—a policy change that would slash benefits across the board—because people have approached him and said they “actually want to work longer.” Confronted by an advocate in the …