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National Commitee to Preserve Social Security & Medicare

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Benefits Watch Newsletter

Insider’s Report: Social Security 2100 Act Reintroduced in Congress

Social Security 2100 Act Reintroduced in Congress

U.S. Representative John Larson (CT-01) has re-introduced his “Social Security 2100 Act” in Congress. This landmark bill would boost benefits across the board — and would also provide targeted increases to the most vulnerable seniors; it would replace the current Cost-of-Living (COLA) formula with the more accurate (and generous) Consumer Price Index for the Elderly (CPI-E);

and it would repeal the wildly unpopular Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).

The "Social Security 2100 Act" would increase seniors' earned benefits and extend the solvency of the Social Security Trust Fund, currently expected to be depleted in 2034 for another 32 years.

 

Specifically, the bill pays for improved benefits and extended program solvency by requiring millionaires and billionaires to pay their fair share of Social Security taxes.

According to U.S. Representative Larson:

“Seniors across the country rely on Social Security benefits to ensure they can retire with dignity after a lifetime of hard work. It’s been 52 years since Congress has acted to enhance Social Security on their behalf. …”

Already, the Social Security 2100 Act has over 175 cosponsors in the U.S. House of Representatives. Help us ratchet up pressure on more lawmakers to cosponsor this bill by signing our Emergency Petition to Congress today.

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Make a donation now to help us keep the pressure on Congress. Your continued support is essential to the National Committee's mission.

Participants hear from panelist during the National Committee/AARP Townhall on June 27, 2023.

Medicare Turns 58!

On Sunday, we will celebrate Medicare’s 58th Anniversary! That’s 58 years of providing health insurance to tens of millions of retired Americans and helping to keep older Americans out of poverty.

But despite the fact that Medicare continues to be enormously successful and popular, this program is being offered up as a sacrifice on the altar of deficit reduction and paying for other fiscal priorities, including massive tax breaks for the wealthy.

With your support, the National Committee is fighting to stop harmful proposals now under consideration that would raise the Medicare eligibility age, expand the privatization of traditional Medicare and roll back critical drug pricing reforms that are helping seniors afford their lifesaving medications.

Ask Us

Ask Us!

Whether you’re retired or approaching retirement, our team of experts in the field of Social Security policy is available to answer your questions about benefits.

 

You can either search our archives for valuable advice on a broad range of concerns or submit your question here.

This week’s question is: I have been of the belief that Social Security benefits are determined by taking the average income of all the years of employment. I recently heard that it is the average of the highest thirty-five years of employment. Which is correct? 

Click here to read the answer.

Ask Us

Ask Us

Whether you’re currently retired or approaching retirement, we can help answer your questions and provide valuable advice on Social Security.

 
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Your support sustains our campaigns in Washington to protect and strengthen Social Security and Medicare.

Elanor's Hope

Medicare Benefits

Learn more about the Medicare program and the policies the National Committee supports that would strengthen your earned benefits.

Medicare and Social Security Fair Share Act Boosts Taxes on Wealthy

Dan Adcock, Director of Government Relations and Policy at the National Committee to Preserve Social Security and Medicare, told ThinkAdvisor in an email that the group supports “provisions in the bill that would extend Social Security and Medicare Part A trust fund solvency by having the wealthy pay their fair share into both programs.”

(July 12, 2023, Think Advisor, Melanie Waddell)

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Social Security must be key issue in 2024 Presidential Election – Herb Weiss

“By re-introducing his revised Social Security 2100 Act, Congressman John Larson once again defies the media narrative that ‘no one in Washington has the courage’ to address the program’s future,” says Max Richtman, President and CEO of the Washington, DC-based National Committee to Preserve Social Security and Medicare.

(July 17, 2023, Rhode Island News, Herb Weiss)

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Major Cuts to Social Security Are Back on the Table — What’s Being Proposed Now?

A group of Republican lawmakers aims to balance the federal budget and slash government spending by targeting programs like Social Security — and some seniors could see a major reduction in lifetime benefits if the plan makes it into law.

(July 23, 2023, YAHOO!, Vance Cariaga)

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As the Social Security reform debate heats up on Capitol Hill, leaders weigh if raising taxes is the answer

Senate Budget Committee Chairman Sen. Sheldon Whitehouse touted his bill requiring wages above $400,000 to be taxed for Social Security. “A tech exec making $1 million effectively stops paying into the program in February, while a schoolteacher contributes their share all year,” Whitehouse said. (July 14, 2023, CNBC, Lorie Konish)

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Johnson & Johnson sues Biden administration over Medicare drug price negotiations

Johnson & Johnson on Tuesday sued the Biden administration over Medicare’s new powers to slash drug prices, making it the third pharmaceutical company to challenge the controversial provision of the Inflation Reduction Act.  

(July 18, 2023, CNBC, Annika Kim Constantino)

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