Opinion: Elizabeth Warren calls for a dramatic expansion of Social Security benefits

Until now, the debate appeared to have been bookended by competing visions of the former and current chairmen of the House Ways and Means Social Security Subcommittee — Sam Johnson (R-Texas) and John Larson (D-Conn.). The Social Security 2100 Act, proposed in 2019 by Larson and others retains benefits and substantially increases the income rate. That is, it brings the income rate to the cost rate. The other vision espoused by Johnson in 2016 would sharply cut benefits and thereby lower the cost rate to match the income rate. Both proposals have been evaluated by the Social Security actuaries and would restore balance over the next 75 years.

Warren places most of her emphasis on expanding benefits, including a $200-per-month increase for all recipients, a more generous index for cost-of-living adjustments, and a new caregiver credit.

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