Tag: Social Security legislation

View of US Capitol building with stormy clouds

It has temporary benefit increases, is greedy on the COLA, and overreaches on revenues. The original Social Security 2100 Act,released in 2019 by Congressman John Larson (D-CT), then Chair of the House Ways and Means Sub­committee on Social Security, was terrific.  The legislation retained, and even slightly enhanced, benefits and substantially increased revenues to cover…

Detail of a hand making the first move in a chess game

There is a backstop, but it’s a draconian one. When the horse-trading begins on a package to restore financial balance to the Social Security program, one item that should be considered is some form of automatic adjustment mechanism.  While the financial implications of the ultimate package will be based on the best assumptions regarding wages,…