HI SR91

Urges U.S. Congress to adopt the Social Security 2100 Act to address projected depletion of Social Security trust funds by 2034, which would reduce benefits to 78 percent of scheduled payments.

The Social Security 2100 Act increases benefits by 2 percent for all beneficiaries, improves cost-of-living adjustments, and increases benefits by an additional 5 percent for seniors receiving benefits for 15+ years.

Restores student benefits up to age 26 for dependent children of disabled and deceased workers, repeals windfall elimination and government pension offset provisions, and ends the five-month waiting period for disability benefits.

Funds improvements by applying payroll taxes to earnings over $400,000 and adding a 12.4 percent net investment income tax for taxpayers making over $400,000, while cutting taxes for 23 million middle-income beneficiaries.

Strongly encourages Congress to reject any legislation that would privatize Social Security benefits through self-directed retirement accounts.