Making All Americans Pay Their Fair Share Will Ensure Future Generations Get Their Guaranteed, Earned Benefits
The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding the Trustees reports on the Social Security and Medicare Trust Funds released today:
“Older American retirees can feel confident about their Social Security based on the Trustees’ report released today.
“Today’s report reaffirms that the Social Security Trust Fund is able to pay full benefits and expenses until 2033 as is the Medicare Trust Fund. If Congress does not make any changes, the Social Security Trust Fund will then pay 77% of benefits to all current and future beneficiaries.
“However, we cannot be complacent. Republicans in Congress have made clear they are eager to cut the benefits Americans have worked a lifetime to earn. Whether it’s raising the retirement age beyond 67, privatizing Social Security, or continuing the DOGE agenda of dismantling the Social Security Administration to make it harder to claim benefits, the future of our guaranteed benefits is at risk.
“There is a better way to strengthen Social Security for current and future generations. 94% of working Americans pay into Social Security with every paycheck. If the wealthiest 6% of Americans had to do the same, current and future generations of Americans would not only receive all the benefits they have earned, but we could increase benefits for those who need it the most.
“We urge Congress and the Administration to strengthen Medicare’s finances by reining in the high cost of prescription drugs and allowing Medicare to negotiate lower prices for more drugs. In addition, we urge HHS to hold Medicare Advantage insurance corporations accountable for delivering care at a reasonable cost and crack down on practices that increase corporate profits without improving patient care.
“In just a few weeks Medicare will celebrate its 60th anniversary while Social Security will celebrate its 90th. There is no better time for all Americans to commit to strengthening these critical programs. Our children and grandchildren are counting on us.”
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Contact: Lisa Cutler at [email protected]
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