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Pass The Social Security Expansion Act

The Social Security Expansion Act is a landmark bill that buttresses the long-term solvency of Social Security by expanding benefits for seniors – not cutting them.

If passed, this legislation will make four major changes to Social Security for retirees:

•  Benefits will be increased for most recipients by about $65 per month.

•  The solvency of the Trust Fund will be immediately extended, the income cap on Social Security contributions will be dissolved, making 100% of all workers’ earnings subject to the Social Security tax.

•  The Consumer Price Index for the Elderly (CPI-E) will be used to calculate Social Security Cost-of-Living Adjustments (COLAs) instead of the Consumer Price Index for Urban Wage Earners (CPI-W) used currently. The CPI-E takes the unique spending habits of seniors into account — particularly regarding the cost of healthcare — and offers a more realistic COLA for retirees.

• A minimum Social Security benefit would be set to greatly reduce senior poverty.

The full text of the bill can be found here.

The Social Security Expansion Act is a comprehensive piece of legislation that seeks to reform Social Security the right way: by expanding and strengthening benefits proven to reduce senior poverty and improve retirement security, and extending the solvency of this crucial program by ensuring all American workers contribute their share.

The Seniors Trust is working to pass The Social Security Expansion Act. Please, sign our petition to Congress and join us as we strive to improve the lives of senior citizens.