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Politics

Al Lawson Looks to Extend Social Security Through Raising Taxes, Increasing COLA

June 17, 2017 - 6:00am
Al Lawson
Al Lawson

This week, U.S. Rep. Al Lawson, D-Fla., unveiled a proposal to raise taxes to bolster Social Security. 

Lawson brought out his proposal on Tuesday which, he insists, “would extend the life of Social Security by 15 years to 2049.”

“Social Security plays a critical role in our economy as it provides for over two-thirds of our nation’s retirees, and provides financial security to millions of disabled workers and their children,” Lawson said.“However, as the program is currently operating, the Social Security trust fund will be depleted by 2034. That’s why I’m proud to introduce the Social Security for Future Generations Act of 2017, along with 17 co-sponsors and support from six organizations, including Social Security Works and the National Committee to Preserve Social Security & Medicare.” 

Lawson’s proposal would hit Americans making $250,000 or more in wages with a payroll tax while extending student benefits to 22, increasing cost-of-living adjustments, including a benefit for surviving spouses and “establishing a special minimum benefit for long-term low-wage workers.”

The freshman Democrat made his case for why his proposal was needed. 

“We are in a unique position to make targeted benefit increases to vulnerable beneficiaries and extend the trust fund solvency so that future generations are able to benefit from social insurance and retirement in a way that is equitable and sustainable,” Lawson said. “I call on my colleagues in the House to join me in increasing benefits and extending the life of one of our nation’s most sacred commitments.”

As Lawson noted, his bill has garnered the support of a number of groups including Social Security Works, the National Committee to Preserve Social Security & Medicare, Alliance for Retired Americans and Justice in Aging.

Lawson has rounded up some congressional Democrats to co-sponsor his bill including U.S. Reps. Alcee Hastings and Frederica Wilson from Florida, Marcy Kaptur of Ohio and John Conyers of Michigan. 


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Comments

You are just a bit cynical. “Cynic, n. A blackguard whose faulty vision sees things as they are not as they ought to be.” ― Ambrose Bierce, The Unabridged Devil's Dictionary

Well, we ALL know now where YOUR education stumbled...(If you remove "blackguard" and "faulty vision"; I will admit that I "see things as they are NOT as they ought to be"). (You must be a "Lawson campaign" loyalist; if you are, they are overpaying you "Robert")

If thieving politicians were FINALLY prohibited from "dipping into" Social Security funds as a "Congressional Slush Fund", American WORKERS who paid for it throughout their lifetimes would be MUCH BETTER OFF ! Lawson is a phony who knows this VERY WELL,...and so do all his cohorts populating "every dark corner" of Congress for far too many years "ripping off Citizen TAXPAYERS"!

Its absurd to blame Lawson who has been in Congress all of 6 months for the "slush Fund" He has a proposal what is yours? Not sure if you checked lately but the elephants hold the White House and the Congress.

This is why we need Sen Audrey Gibson serving in Congress. Lawson is incredibly incompetent.

Lawson is incompetent because he proposes a fix to extend the viability of Social Security? Give me a break. Incompetence is doing nothing until the system is out of money and then trying to do something. Tell Audrey the water is warm, come on in

Social Security is a huge ponzi scheme. This is just another way to generate revenue. Their is no money in the "trust fund" just IOU's from the feds. “Social Security plays a critical role in our economy as it provides for over two-thirds of our nation’s retirees, and provides financial security to millions of disabled workers and their children,” is the quote from Al Lawson. Government produces wealth like a tick produces blood.

There's that same old lie that "they are only going to increase taxes on those making $250,000 or more". In reality they ALWAYS raise taxes on everyone's paycheck. Then to add insult to injury they ALWAYS give away a little more to sweeten the pot, when the reality is that it is that sweetening of the pot that is exactly what keeps making Social Security unsustainable...

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