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House Passes Resolution to Strengthen and Protect Social Security
Washington, D.C., Mar 2 -
“I believe in working together to protect and preserve retirement income for all Americans. This means ensuring that workers and their families are equally protected and receive the benefits that they have worked so many years to attain,” said Alaska Congressman Don Young.
The Sense of Congress expresses that the president and Congress should create a fair and modern Social Security program for the 21st century. The resolution states that such a plan should:
The Social Security program provides benefits to 44 million Americans, including more than 27 million retirees, five million people with disabilities, and two million surviving children.
“I am committed to protecting Social Security with a plan that is clear, fair and responsible-not a plan that raises taxes and creates inequitable treatment of beneficiaries. We need to concentrate on Social Security results, not rhetoric,” said Rep. Don Young.
BACKGROUND
The payment of Social Security benefits will begin to exceed tax revenues in 2013. The Social Security trust fund will be completely depleted in 2032, and Social Security will no longer be able to pay the full benefits older Americans have been promised. In that year, only 73 percent of the benefits now paid would be payable with incoming revenues.
Americans expect cooperation on protecting Social Security
Alaska Congressman Don Young voted in support of House Joint Resolution 32, pledging Congress’ commitment to working with the president to strengthen Social Security without raising taxes or cutting benefits.