Social Security – One Social Security Act Introduced

Last week, Representative Xavier Becerra (D-CA) and 22 original cosponsors introduced the One Social Security Act (H.R. 3150). The bill would avert a 19% across-the-board cut to Social Security Disability Insurance (SSDI) benefits at the end of 2016 by merging the Social Security Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds into a single Trust Fund. This new financial structure would better reflect Social Security’s already unified nature: a single payroll tax currently pays for an interrelated system of Social Security retirement, survivors, and disability benefits, and changes to one part of this system often impact all parts of the system. The Arc supports the One Social Security Act. More information about the bill is available online.

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