Congressman Cohen Cosponsors Social Security Expansion Act

Press Release

Congressman Steve Cohen (TN-09) joined Congressman Peter DeFazio (OR-04) and 17 other members in introducing the Social Security Expansion Act. The measure would increase benefits by $2,400 a year and fully fund the popular program past 2096 without raising taxes on over 93 percent of Americans.

The measure was introduced after a report of the Trustees of the Social Security and Medicare trust funds that showed Social Security currently has a $2.85 trillion surplus and can pay out every benefit owed to every eligible recipient until the year 2034.

Congressman Cohen made the following statement:

"With half of older Americans having no retirement savings, and millions living in poverty, it's far past time to address the future of Social Security. The Social Security Expansion Act assures that eligible participants will receive an annual benefit permitting them to live in dignity. Our measure removes the indefensible cap on Social Security taxes for those making more than $147,000 a year so that we can increase Social Security benefits and fully fund the program until the end of the 21st century -- all without raising taxes by one penny on more than 93 percent of Americans. Millions rely on Social Security as a lifeline. While Republicans seek to phase it out, our plan is to strengthen it and extend it for another 75 years."

Read more about the bill here.

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