• Thu, December 12, 2024

Schumer says Senate will vote on Social Security changes

Senate Majority Leader Chuck Schumer (D-N.Y.) said Wednesday he's "doing everything" he can to try to pass legislation that would enact some Social Security before Congress ushers in a new class next month.
Senate Majority Leader Chuck Schumer announced that the Senate will vote on a bill aimed at enhancing Social Security benefits and ensuring the program's solvency for the next 75 years. This legislative move comes in response to concerns about the program's future financial stability, with projections indicating that Social Security funds could be depleted by 2033 if no action is taken. The proposed changes include increasing benefits for all recipients, particularly for lower-income seniors, and adjusting the cost-of-living adjustments to better reflect inflation. Schumer emphasized the importance of protecting and expanding Social Security, criticizing previous proposals that would cut benefits or raise the retirement age. The bill, which has bipartisan support, seeks to address these issues without reducing benefits or increasing the retirement age, aiming to secure the financial future of millions of Americans.

Read the Full MSN Article at:
https://www.msn.com/en-us/politics/government/schumer-says-senate-willgooote-on-social-security-changes/ar-AA1vGSJP