Today, Congressman John B. Larson (CT-01), Chairman of the House Democratic Caucus, applauded the Ways and Means Social Security Subcommittee for introducing The Seniors Protection Act of 2010. The bill, of which Chairman Larson is a co-sponsor, would assist 57 million American seniors, retired and disabled veterans, and disabled individuals with a one-time $250 payment that they deserve in the event that no inflation adjustment is announced this Fall.
"Times are too tough right now to risk the financial stability of our nation's seniors. These Americans have worked hard their entire lives to earn their Social Security benefits. But, the Bush recession cost seniors their increase in benefits last year and is threatening their Cost of Living Adjustment this year. This legislation ensures that seniors will get an additional $250 in the event that no increase in benefits is provided by the Social Security Administration this year," said Congressman Larson. "Democrats have a long history of standing up for Social Security. We will continue to fight to protect and strengthen Social Security while Republicans are risking our seniors' livelihoods by threatening to privatize the program and subject it to the whims of Wall Street."