Bipartisan support exists to raise Social Security benefits for widows, said House Ways & Means Committee lead Republican Tom Reed
Share to twitterBipartisan support exists to raise Social Security benefits for widows, House Ways & Means Committee lead Republican Tom Reed of New York said Wednesday. Photo credit: ASSOCIATED PRESS
Stressing the need for an increase at a subcommittee hearing, the New York Congressman said the current system risks putting new widows in poverty by cutting their families’ Social Security payments by a third to a half. Raising benefits for widows may be the strongest element of agreement in the first major effort by Republicans and Democrats in 36 years to reform the program. By contrast, the two parties are deadlocked on taxes.
Another major difference between the parties’ outlook on Social Security is that Republicans want to raise benefits solely for low wage earners, while Democrats are seeking increases across the entire income spectrum, Biggs of the American Enterprise Institute said. “The case for across-the-board benefit increases is remarkably weak. Retiree incomes are rising substantially faster than working-age households’ earnings,” he argued.
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