If We Can Bail Out Wall Street, We Can Support our Seniors

Statement

Congress needs to get its priorities straight.

At a time when senior poverty is on the rise, we should strengthen Social Security, not cut it. If we can afford to bail out big banks and give tax breaks to billionaires, we can afford to fulfill our promise to America's seniors.

Sign this petition right now and join me in fighting to give seniors a cost-of-living increase! Last year, the Social Security Administration announced that seniors would not receive a cost-of-living increase, impacting two-thirds of our nation's retirees. This is out of touch with reality!

The cost of housing went up. The cost of health care went up. Those are two of the biggest costs seniors face, so why don't they get a raise? Because the formula used for calculating cost-of-living doesn't take into account the specific costs seniors face -- and that's completely unacceptable. I've introduced legislation that requires a realistic cost-of-living calculation that accounts for the rising costs that seniors face.

I'm also leading the fight to end the millionaire tax break and eliminate the income cap that allows wealthy individuals to stop paying into Social Security when their annual income reaches $118,500. Everyone must pay their fair share to ensure benefits are available to future generations!

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