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Congress can't stand the pressure of the Townsend Plan unless we have a real old-age insurance system." As Roosevelt said, Social Security was passed by Congress substituting a pay-as-you-go "insurance" scheme for Townsend's far more generous pension plan, but as he told Perkins, it was the Townsend Clubs that forced Congress to act at all.
Known as the "Townsend Plan", this proposal would pay every person over age 60 $200 per month, with the requirement it all be spent quickly. It was never enacted but the popularity of the Plan influenced Congress to start the Social Security system, which involved much smaller amounts. The Plan was organized by real estate salesman Robert ...
For the first time since 2019, the Social Security Administration (SSA) expects to have all of its customer service offices open year-round in 2023. ... To find a field office near you, use the ...
The American social security system (1949) comprehensive old overview. Burns, Eveline M. Toward Social Security: An Explanation of the Social Security Act and a Survey of the Larger Issues (1936) online; Davies, Gareth, and Martha Derthick. "Race and social welfare policy: The Social Security Act of 1935." Political Science Quarterly 112.2 ...
The Committee for a Responsible Federal Budget estimates that ending Social Security income taxation would increase Social Security's cash deficit by $950 billion over the next 10 years.
One thing you can expect from Social Security is that some kind of change will be implemented every year, and 2025 will be no exception. If you plan to retire in 2025 and file for Social Security...
Social Security Act of 1935; Other short titles: Social Security Act: Long title: An Act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate provision for aged persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment laws; to ...
Not everyone would benefit from a policy to cut Social Security taxes. Any plans to eliminate taxes on Social Security benefits would primarily help those beneficiaries who earn between $63,000 ...