Time to Vote on Social Security 2100 Bill: Rep. Larson

"It is urgent, indeed, imperative, that this Congress vote on expanding Social Security to address the nation's looming retirement income crisis, as well as other challenges confronting our country," Nancy Altman, president of Social Security Works, told House lawmakers during the Tuesday hearing.

The Social Security 2100 Act: A Sacred Trust "is a solution," Altman said. "It will improve the economy, create jobs, and add substantially to the security of working families."

Robert Roach, president of the Alliance for Retired Americans, told the lawmakers that the bill will help expand benefits for all Social Security beneficiaries, extend the solvency of the Social Security trust fund and improve the Social Security System. It is imperative that Congress act to enact the Social Security 2100 Act."

Roach added that nearly 50% of retired Americans today "rely on Social Security for half their income, and one in four Americans over 65 rely on Social Security for 90% of their income."

Max Richtman, president and CEO of National Committee to Preserve Social Security and Medicare, explained in his testimony that "Social Security has long been an extremely popular program across the political spectrum. It has provided security and financial stability for hard-working Americans irrespective of where they live, where they work or how much income they earn."