On the recordNovember 29, 2023
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, actually the debate around Social Security, similar to the debate about the Consumer Protection Bureau and its regulations, does highlight the policies that the Democrats and Republicans pursue and who are the beneficiaries of those policies. Let's look at Social Security and what the Republican Budget Committee is looking at. They are looking at raising the retirement age. Who actually pays for that? When you raise the retirement age, it is going to be the janitors, nurses, educators, and the people doing the hard work in our manufacturing plants that are going to be required to work longer. They are going to be the ones who are going to have a hard time because they don't have additional savings like the wealthy. Right? The wealthy aren't going to care about whether you raise the age to 67, 68, or 72 because they have the assets and they are not relying on Social Security. It is our workers who have paid into Social Security who have earned it and deserve it. They deserve to receive the benefits that we promised them when they started working and paying into the system. What can we do to make sure that Social Security is solvent in the future? Well, Democrats have a bill that we introduced last year, and we supported it this year. You make sure everybody pays--no matter how much money you make--into the system. Right now we know that the wealthy stop paying into the system at about $147,000.…





