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Congress Member

Bill Cassidy

Republican

Louisiana state flag Louisiana

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Image for Cassidy Wants Action on Social Security as Senate Term Nears End
via: bloombergtax.com

Cassidy Wants Action on Social Security as Senate Term Nears End

Sen. Bill Cassidy (R-La.) is pushing for action on Social Security as he enters his final months in Congress, but he is running out of time to make something happen.

The Senate Finance Committee, on which Cassidy sits, held a hearing earlier this month about government estimates that found the Social Security payroll taxes aren’t enough to fill the trust fund, which would legally compel benefit cuts as early as 2032. He co-introduced a bill (S. 4979) with Sen. Dick Durbin (D-Ill.) to set up a timeline for consideration of various proposals to address the Social Security insolvency ...