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Sen. Rubio’s Family Leave Plan Undermines Social Security
Senator Marco Rubio’s proposal to fund paid family leave by cutting participants’ future Social Security benefits is nothing less than a Trojan Horse to undermine Social Security – and lays the groundwork for further damage to the program. Social Security is not a piggy bank or ATM to be used for other programs, no matter how commendable.
“Our Social Security system is a foundation of economic security for workers and their families in the event of a worker’s retirement, disability or death. While we believe that expanding access to paid parental leave is important for all workers, we oppose legislation that would finance it by cutting future Social Security benefits,” said Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare.
Senator Rubio’s proposal would weaken Social Security’s long-term financial health. Caregivers taking their retirement benefits in advance as paid family leave may never be able to reimburse Social Security due to premature death or disability. Former Congressional Budget Office Director Douglas Holtz-Eakin estimates that Senator Rubio’s program would cost Social Security $10.5 billion in the first year and $227 billion over ten years.
The House Fiscal Year 2019 Budget and Its Effect on Seniors
The House Budget Resolution for FY 2019, introduced by House Budget Committee Chairman Steve Womack (R-AR), was approved by the House of Representatives Budget Committee on June 21, 2018. This budget proposes drastic cuts in federal spending for programs of importance to most low- and middle-income Americans while protecting nearly $2 trillion in tax cuts, which mainly benefit the very wealthy and large profitable corporations and dramatically increase our deficits and debt. This paper summarizes some of the key proposals in the House Republican FY 2019 budget resolution that would affect seniors and people with disabilities who rely on Medicare, Medicaid and Social Security.
Rotunda Social Security Office Closing Will Cause Undue Hardship
National Committee to Preserve Social Security and Medicare president Max Richtman protested the closure of the SSA’s (Social Security Administration) Rotunda field office at a rally in Baltimore today, along with other advocates and claimants who live in the city. The office, located at 711 West 40th Avenue, is scheduled to close permanently on June 21st. The Rotunda field office currently serves some 13,000 seniors, people with disabilities, and other beneficiaries every year.
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