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Making Sense of the New Social Security Trustees Report 

On Tuesday morning, The Social Security Administration (SSA) released its highly anticipated Trustees Report for 2026. The trustees project that the depletion date of the Old-Age and Survivors Insurance and Federal Disability Insurance (OASDI) trust fund surplus will hold firm at 2034, at which time the program still could play 83% of promised benefits. (Advocates and analysts expected the date to creep up one year to 2033.) Interestingly enough, the trustees report blames Trump administration policies for the acceleration of trust fund insolvency – pointing to the Big, Ugly Bill which decreased tax revenues flowing into Social Security... in addition to Trump’s anti-immigration campaign. (Less immigration means fewer workers paying into the system.)
2026-06-11T11:12:50-04:00June 10th, 2026|Categories: Democrats, Rep. John Larson, Social Security, Trump, Trump Administration|

Social Security Comish Would Consider Raising Retirement Age

Despite Trump’s pledge not to cut Social Security, administration officials keep letting the real agenda slip out. First, Treasury Secretary Scott Bessent hinted that privatizing Social Security was on the table. Now, Social Security Commissioner Frank Bisignano says he’s open to the idea of raising the retirement age.  (The current full retirement age is 67; congressional Republicans have floated proposals to raise it as high as 70.) In an interview on Fox Business News last week, host Maria Bartiromo asked Bisignano if he’d “consider raising the retirement age,” to which the commissioner replied, “I think everything’s being considered.”
2025-10-15T16:03:12-04:00September 22nd, 2025|Categories: Congress, Rep. John Larson, Social Security, Social Security Administration (SSA)|

Millionaires Are Done Paying Into Social Security for 2025

Millionaires stop paying into Social Security for the year on March 1st --- and billionaires already stopped contributing wages to the program in January.  The rest of us continue paying into the system for the entire year.  Is it fair that Elon Musk, Rupert Murdoch, Charles Koch, and Tim Cook of Apple don’t have to contribute to Social Security for the rest of the year while most Americans do? 
2025-03-06T15:14:00-04:00March 6th, 2025|Categories: Payroll Tax Cap, Rep. John Larson, Social Security|

Harris Likely to Sustain Biden’s Social Security, Medicare, Rx Drug Policies

As we have noted many times, the President has fought especially hard for American seniors --- by lowering prescription drug prices, strengthening Medicare, and advocating improvements to Social Security --- which is why he earned our endorsement in June. His heir apparent, Vice President Harris, has been in lockstep with President Biden on these crucial issues.
2024-07-22T15:31:36-04:00July 22nd, 2024|Categories: Inflation Reduction Act, Joe Biden, Kamala Harris, Medicaid, Medicare, payroll taxes, Rep. John Larson, Republicans, Social Insurance, Social Security|

Dem/GOP Split on Social Security Apparent in Hill Hearing

The House Ways and Means Social Security Subcommittee held a hearing about the program's trustees' projection that the Social Security trust fund will become depleted in 2035, absent Congressional action. Even so, Social Security still could pay 83% of scheduled benefits at that time. No one wants Congressional inaction, but the hearing emphasized the difference in the two parties' approaches to the problem.
2024-06-11T14:19:17-04:00June 10th, 2024|Categories: Congress, Debt, Democrats, Rep. John Larson, Republicans, Social Security, Social Security Administration (SSA)|

NCPSSM To Participate in Harkin Social Security Symposium in DC

The National Committee to Preserve Social Security and Medicare will participate in a special Social Security symposium hosted by former U.S. Senator Tom Harkin and the Harkin Institute of Drake University. Featuring NCPSSM President Max Richtman and other prominent leaders from the national advocacy community.
2023-09-05T14:48:36-04:00September 5th, 2023|Categories: Max Richtman, Rep. John Larson, Social Insurance, Social Security|

Democrats Push for Strengthening Social Security in First Hearing of New Congress

The first hearing on Social Security of the new Congress saw Republicans claiming that they simply want information about the program’s status, while Democrats insisted that it’s time to boost Social Security --- and pushed back on GOP proposals to cut benefits.“ Today, we are faced with the fierce urgency of now. Five million Americans receive below-poverty level (Social Security) checks from their government because Congress has not enhanced benefits in more than 50 years,” said ranking member Rep. John Larson (D-CT).
2023-04-28T11:01:22-04:00April 27th, 2023|Categories: Congress, Democrats, Payroll Tax Cap, Rep. John Larson, Republicans, Social Security|

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