Gillibrand proposes Social Security Expansion Act
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Senator Kirsten Gillibrand wants to ensure Social Security is fully funded for the next 70 years and longer. She is proposing the Social Security Expansion Act.
She held a press conference Thursday morning to detail how the Social Security Expansion Act would help the whole country, especially in New York state, which she says is home to the fourth-largest population of older adults in the United States.
The bill would expand social security benefits by $2,400 a year. The senator says this could be done without raising taxes for most Americans.
She added in 2021, Social Security lifted 26 million Americans out of poverty, but says rising costs and the aging population are putting benefits of current retirees at risk.