WASHINGTON D.C.— Congressman Dan Kildee (MI-05), Chief Deputy Whip of the House Democratic Caucus, has introduced the Social Security 2100 Act, which is intended to increase Social Security’s benefits while making the system financially strong through the end of the century.
Kildee, a member of the Ways and Means Social Security Subcommittee, joined Chairman John B. Larson (CT-01) and over 200 other Members of Congress in introducing this landmark legislation.
“People who work their entire lives and contribute every paycheck should be able to rely on Social Security when they retire,” Congressman Kildee said. “Over two million Michigan seniors, children and individuals with disabilities rely on Social Security. That is why I am proud to introduce this legislation, which not only increases Social Security insurance benefits, but also strengthens this program for future generations to come.”
Kildee and his colleagues said that Social Security 2100 Act will strengthen social Security, increase benefits and cut taxes for seniors.
“Social Security is not an entitlement – it’s the insurance Americans have paid for through a lifetime of work to fund retirement, disability and survivor benefits,” Chairman Larson said. “The Social Security 2100 Act takes common sense steps to increase benefits and to make the system financially secure for the next 75 years and beyond. Social Security is the most successful program in American history, it is time to improve it for the future.”
The Social Security 2100 Act, H.R. 860, provides the following:
An across-the-board benefit increase for current and new beneficiaries.
An improved cost-of-living adjustment (COLA) that considers the true costs incurred by seniors.
A stronger minimum benefit, so someone who works their whole life does not retire into poverty.
A tax cut for over 12 million Social Security recipients by eliminating the tax on their benefits.
According to Kildee’s office, 176,105 families rely on Social Security in Michigan’s Fifth Congressional District. Nationwide, Social Security is also the most important source of retirement income for four out of five seniors. — B.G.