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Joint Economic Committee Democrats
News and updates from the official account of the Joint Economic Committee Democrats. Vice Chair:
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Joint Economic Committee Democrats 1h
Replying to @JECDems
2. Increasing either the special minimum benefit for low-income beneficiaries or for all beneficiaries would decrease the risk of economic insecurity associated with early retirement, making exiting the labor force a more viable option.
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Joint Economic Committee Democrats 1h
Replying to @JECDems
To strengthen , policymakers could do the following: 1. Lifting or removing the cap on taxable earnings for could further strengthen the program by ensuring the program has adequate funding into the future.
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Joint Economic Committee Democrats 1h
Replying to @JECDems
Women and people of color across all three groups—retirees, near retirees and older workers—have a particularly tough time when it comes to retirement as a result of age discrimination and other economic inequities.
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Joint Economic Committee Democrats 1h
Replying to @JECDems
has made a bad situation worse—particularly for older workers. Staying in the workforce is especially dangerous and leaving the workforce is dangerous as well because the economic recession makes finding a new job and planning for retirement even more difficult.
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Joint Economic Committee Democrats 1h
Replying to @JECDems
In addition to the fact that employers have slowly shifted the burden of retirement back onto employees, the limit on taxable earnings for and a benefits formula that doesn’t provide as much as it should, have also weakened the American Retirement system.
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Joint Economic Committee Democrats 1h
Replying to @JECDems
The “three-legged stool” of the American Retirement system—private savings, pensions and employer-based retirement plans, and —has been weakened.
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Joint Economic Committee Democrats 1h
Replying to @JECDems
However, since FDR signed the program into law 85 years ago, there have been many attempts by policymakers to erode or even eliminate .
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Joint Economic Committee Democrats 1h
is a necessary component of many retirees’ economic security, especially those who worked in low-wage jobs during their careers. For most retirees, Social Security provides half of all income in retirement and keeps millions out of poverty each year.
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Joint Economic Committee Democrats 3h
. of : “On the 85th Anniversary of , it is time we commit to upholding the program's intended aim—to ensure a dignified retirement to workers of all races, genders, and income levels.”
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Joint Economic Committee Democrats 3h
. Social Security Subcom. Chairman : “I’m proud to work with Vice Chair Beyer to strengthen our nation’s number one anti-poverty program, , & ensure that future generations of retirees can continue to count on its guaranteed benefits.”
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Joint Economic Committee Democrats 3h
Replying to @RepDonBeyer
Vice Chair on the reports: “We need to make sure all American workers—no matter their race, gender, occupation, salary and employer—can retire with dignity when it is time.” Full statement here:
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Joint Economic Committee Democrats 3h
Today, on the 85th anniversary of the Act, released two reports on the weakening of the American retirement system. Retirement Insecurity: The Impact of the Coronavirus Recession on Older Workers:
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Joint Economic Committee Democrats retweeted
Rep. John Larson 5h
August 14th, 1935 President Roosevelt signed the Social Security Act into law. This , we must recommit ourselves to protecting our country's most vulnerable and ensure retirees can live with dignity. That’s why I authored to !
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Joint Economic Committee Democrats retweeted
Carolyn  B. Maloney 5h
August 14th, 1935 President Roosevelt signed the Act into law. This , amidst Trump’s attempts to defund it during a pandemic, I proudly support strengthening this program, not dismantling it, when Americans are most in need.
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Joint Economic Committee Democrats retweeted
Joint Economic Committee Democrats Aug 10
NEW: just released a new issue brief: “Renewing Pandemic EBT Is Critical to Preventing a Further Spike in Child Hunger.” Read it here:
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Joint Economic Committee Democrats retweeted
Steny (Wear a Mask) Hoyer Aug 13
On Day, we recognize the additional 8 months it takes for Black women to finally reach the pay of white men for the prior year. This wage gap is harmful to Black women and their families and must end - we need Equal Pay now.
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Joint Economic Committee Democrats retweeted
Rep. Don Beyer Aug 13
NEW: COVID-19 has put older workers’ retirement at risk. Here’s how stimulus legislation would help | by Featuring details of the new report on retirement ahead of the anniversary of the Social Security Act:
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Joint Economic Committee Democrats Aug 13
Replying to @JECDems
“Women and men in the same job deserve the same pay. Anything less than that is unjust and un-American. That is why I am a proud sponsor of the Paycheck Fairness Act.” Full Statement:
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Joint Economic Committee Democrats Aug 13
Replying to @RepDonBeyer
.: “On Tuesday, my congressional colleague Sen. Kamala Harris became the first Black woman vice presidential nominee for a major party ticket. While we should all celebrate this history-making moment we cannot ignore the immense inequities that Black women still face.
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Joint Economic Committee Democrats Aug 13
Today is – the day which symbolizes the large gap between the median wages for Black women and non-Hispanic white men. In 2019, the typical Black woman earned only 66 cents for every dollar that the average white man made.
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