President Biden's Proposed Changes to Social Security and Americans' Views
More money for Social Security in fiscal 2025
Biden wants to increase the discretionary budget for the Social Security Administration (SSA) by $1.3 billion from the 2023 level, bringing the total budget to $15.4 billion. However, this amount excludes benefits payments.
Biden's bigger plans for Social Security
Biden's proposed budget outlines his desire to work with Congress to strengthen Social Security, emphasizing principles like no benefit cuts or privatization. His plan includes extending solvency and asking high-income Americans to contribute more.
Popular ideas
A recent survey indicated significant public support for Biden's proposals, including taxing high earnings and raising minimum benefits.
Dead on arrival?
Despite public backing, Biden's plans may face Republican opposition in Congress, potentially delaying crucial Social Security reforms.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.