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Home / Business / Democrats are pushing plans to increase social security and solvency

Democrats are pushing plans to increase social security and solvency



Of all the money raised by the bill, about a quarter will be used to increase the benefits, and the rest will cover expected deficits in the National Insurance Insurance over the next 75 years.

Democrats, tired of political struggles over the affordable care law and shared over a "Medicare for all" single payers health plan, relished the opportunity to gather on social security schemes. They channeled the spirit of Franklin D. Roosevelt, and introduced the bill on the 137th anniversary of his birth, standing in front of a life-like cardboard cut out of him.

The House Speaker, Nancy Pelosi, "supports Democrats 'efforts to strengthen social security and strengthen senior citizens' pension security," said Henry Connelly, a spokesman for Mrs Pelosi. favored by many Republicans.

Nancy J. Altman, president of Social Security Works, a lawyer group, said: "Expanding social security, without cuts, is wise politics and winning policies. People are worried about the pension income crisis and this is a solution. Senators Richard Blumenthal of Connecticut and Chris Van Hollen of Maryland, both Democrats, are putting pressure on the bill in the Senate, a strong vote on the bill in the house, coupled with political pressure in a presidential election year, could boost the bill in the Senate by 2020. It certainly provides a template for future efforts to secure social security 19659002] Republicans say that rights programs, not tax relief, are the main cause of increasing deficits, and in recent years they have proposed unpopular changes in social security, including an increase in retirement age and a new formula for calculating longevity adjustments that can reduce future benefits.

As a presidential candidate, Mr. Trump said, "I'm not going to cut social security like any other Republican." Mr Larson praised Mr Trump for that stand and said, "It's no surprise he had the senior vote."


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