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Social Security: House Committee Holds Hearing on Social Security Financing Bill

On July 25, the House Ways and Means Committee held a hearing on the Social Security 2100 Act (H.R.860). The bill would make Social Security benefits more adequate by providing a modest across-the-board increase, improving annual cost of living adjustments, and increasing the minimum Social Security benefit to 25 percent above the federal poverty line. Additionally, it would create a single Social Security Trust Fund to simplify Social Security’s operations and ensure that Social Security is able to pay full scheduled benefits for the next 75 years through modest enhancements to revenues. The Arc strongly supports the Social Security 2100 Act. Testimony from the hearing is available on the committee website.

The post Social Security: House Committee Holds Hearing on Social Security Financing Bill appeared first on The Capitol Insider.