Washington, DC – Today, Congressman Bill Keating, along with a Democratic Coalition of 165 Members, reintroduced HR 1902, the Social Security 2100 Act. Originally introduced last Congress, the Social Security 2100 Act expands upon the current Social Security system while cutting taxes for seniors and ensuring that the program remains solvent through the end of the century.
Specifically, the Social Security 2100 Act would provide (1) a modest across the board benefit increase; (2) a more accurate cost-of-living (COLA) formula; (3) a new special minimum benefit; and (4) a tax cut for over 10 million beneficiaries.
“Our district has the largest senior population in the Commonwealth with over 130,000 retired workers. Quite literally, nowhere in the state is this legislation as important as it is for us,” said Rep. Keating. “The Social Security 2100 Act will not only help the program remain solvent, it will also help American workers maximize the money they committed to the Social Security program during their working years. These are tumultuous times when older Americans are worried about losing affordable health coverage, worried about access to long-term care, and worried that the money they’ve worked hard to save won’t be enough to meet their basic needs. This bill can help alleviate at least some of that concern.”
The Social Security 2100 Act is endorsed by Social Security Works; the National Committee to Preserve Social Security and Medicare; the Arc of the United States; the Consortium for Citizens with Disabilities Social Security Task Force; Justice in Aging; Paralyzed Veterans of America; and Association of University Centers on Disability.
Congressman Keating was also an original cosponsor of the Social Security 2100 Act last Congress. On March 8, 2016, Congressman Keating hosted a “Social Security Congressional Forum” for residents of Cape Cod with Rep. John Larson (CT-01), the primary author of the Social Security 2100 Act.