AARP wrote to members of the House of Representatives to express our strong concern with a last-minute amendment to H.R. 5, the House Rules Package for the 114th Congress, that would effectively limit potential options regarding Social Security, including options to protect benefits under the Social Security Disability Insurance Program. Under the amendment, the House could only consider legislation affecting any part of the Social Security program if the overall effect of the changes improved Social Security’s Old Age and Survivors (OASI) trust fund. While we strongly support Social Security and believe Congress should act sooner rather than later to ensure Social Security’s finances for the coming decades, the amendment made public Jan. 6 is unduly narrow and limits the House’s ability to consider the full range of options for addressing issues facing Social Security.
>> Full story: House Rule Sets Up Election-Year Battle
There has been almost no recent legislative consideration of issues facing Social Security broadly or options to address such issues. One notable exception is Social Security Disability Insurance. The Social Security trustees have notified Congress that the payroll taxes allocated to the Disability Insurance (DI) trust fund will be inadequate to pay full disability benefits starting as early as 2016 and proposed legislative options to modestly modify the payroll tax allocation to adequately maintain both OASI and DI solvency. Both the House and Senate have held hearings on this issue and have been expected to address the shortfall this Congress.
The amendment to H.R. 5, by proposing a new point of order, would limit the House’s ability to consider all options to address a shortfall in the DI trust fund, including a potential reallocation of payroll tax dollars. This type of shortfall has occurred numerous times in the past — in both the OASI and DI trust funds — and Congress has acted in a timely way to protect promised benefits, including the option of reallocation of trust fund dollars. AARP supports reallocation of payroll taxes to ensure the overall solvency of the combined OASDI trust fund and to protect disability benefits from potential cuts. Because the amendment to H.R. 5 undermines Congress’ ability to fully consider all potential legislative solutions — particularly options successfully considered many times in the past — we urge the House to reconsider the proposed Social Security amendment.
Also of Interest:
- Social Security Changes in 2015
- 6 Places to Never Use Your Debit Card
- Get Involved: Learn How You Can Give Back
- Join AARP: savings, resources and news for your well-being
See the AARP home page for deals, savings tips, trivia and more.