As talk of Social Security reform heats up heading into the November election, one congressional proposal to expand the federal program has received a new endorsement from California lawmakers.
for wages of more than $400,000, a change Skinner calls"one of the most important features" of the bill.
"The fact that we have not adjusted it is partly why we are going to face a shortfall," Skinner said. Most of the provisions to increase Social Security benefits would last for only five years. Consequently, groups such as the Center on Budget and Policy Priorities and the Committee for a Responsible Federal Budget favor previous versions of the bill, which had less generous benefit increases but aim to extend the program's solvency into the next century.
This week, that included a tweet accusing Sen. Rick Scott of planning to"put Social Security and Medicare on the chopping block." Scott hasBut fears for the program's future have led Democrats to ramp up their campaigns on behalf of the program ahead of the November election.
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