Ted Lieu: “I thank Representative Larson for his terrific leadership on Social Security. Many people here have been hearing about…”

“I thank Representative Larson for his terrific leadership on Social Security. Many people here have been hearing about Social Security 2,100. I just want to talk a little bit about what is actually in this amazing bill. It increases a number of benefits, including increases benefits 2 percent across the board. It improves the cost-of-living adjustment. It increases benefits to boost lower income seniors. It improves benefits for widows and widowers. It restores student benefits up to age 26. It increases access to benefits for children. It repeals the windfall elimination provision. It ends the 5-month waiting period. It increases benefits by an additional 5 percent for the most elderly. It provides caregiver credits and ends the disability benefit cliff. How does it do that? It does it by ensuring millionaires and billionaires pay their fair share, and it closes a loophole of avoiding FICA taxes, and it puts an investment income tax only for people making over $400,000. This is an amazing bill. It is time we pass Representative John Larson's Social Security 2100 Act to preserve Social Security for this generation and generations to come.”