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Expansion bill for social security ready to gain traction in Congress



A recent survey by The Senior Citizens League of its members explored what they thought the new Congress should focus on. The improvement of social insurance is stated by 42 percent, followed by a reduction of 31 percent taxation of benefits (reduced prescription drug prices came in third, 18 percent).

"I think there is a growing sense that something needs to be done," said Mary Johnson, Social Security and the Medicare policy analyst for the league. "It can take time to get the legislation with many moving parts up so you have to allow time to phase-in changes. "

However, Congress Republicans have typically had an idea of ​​expanding the program due to the higher taxes that would come with it, and previous GOP proposals have claimed to reduce benefits as a way of facilitating the program's financial accidents.

And not everyone supports an extension of the program.

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"Expanding benefits can help low-income departures, m A middle and high income worker is likely to reduce their personal savings as a result of higher anticipated social security benefits, said Andrew Biggs, a resident researcher of the Ame rican Enterprise Institute, according to written testimony presented at the latest congressional hearing on retirement. Biggs was a vice president of social security under President George W. Bush.

Biggs also said that while tax increases would eliminate deficiencies, higher taxes could increase the loan and debt of low-income workers and reduce labor and encourage tax evasion by higher servants, according to his written testimony.

Although it is not certain that Larson's bill will be able to clear the house in its present form, a democratically controlled house will take care that it can develop.

But as with most major laws, it can go through different iterations before they are approved or rejected by the entire house. And even if it did, the measure would also need approval from the Republican-dominated Senate, where priorities can be very different.

"If it comes through the House and then goes to the Senate and does not get up for debate or a vote, there will be an election campaign in 2020," says Altman.


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