Published on Feb 1, 2019
Sweeping Social Security reform could happen SOON! I’m not talking about some minor adjustment to an obscure clause in the regulations, I’m talking about nearly everything changing. In this video I’ll break down the 6 BIG Changes that’s likely to affect YOU.
The Social Security 2100 Act was first introduced in April of 2017. Since the House was still controlled by the Republicans, it died a quick death. Now it’s back. This time the Democrats are in control of the House and there is gossip that President Trump may be on board with his support. This is one you need to watch! It already has nearly enough co-sponsors to pass it through the House. The Senate is still controlled by Republicans, so it’s not as certain there but at the very least, this proposal will show you whats on the mind of the Democrats and give us a hint at how much support the Republicans are likely to give to a bill with these sorts of provisions.
This proposal would include both tax cuts and tax increases, a change in the way cost of living adjustments are calculated, and an across-the-board benefit increase. After reading the Bill I want to share with you the 6 things I think will have the most impact on the majority of Americans. Just understand…this video is not a deep dive into each of these topic areas. It’s likely to change as the process moves forward and we’ll save the deep dive for a series of videos when and if we get a final signature ready Bill. Also, the purpose of this video is not to share my opinion of the proposal. Although I’m certainly not scared to do so, there are a few things that need working out before I can decide if I view this bill favorably or not. What I intend to do is give you a quick summary of this proposal that is devoid of the hyperbole that I’m sure you’ll hear from each side. Let’s get started with the 6 Big changes that’ll come from this Bill.
Read the Social Security 2100 Act and other material at Representative John Larson’s site https://larson.house.gov/social-secur… .
Video I referenced on SS taxation https://youtu.be/AEKb4LfmtnA