Imagine opening your Social Security check and finding a $3,000 increase every month! It sounds like a dream, but this could be a reality thanks to the bold new bill introduced by Bernie Sanders: the Social Security Expansion Act. This revolutionary plan seeks to transform the lives of millions of retirees in the United States. Today, on Shoeba Español TV, I will explain in a clear and simple way everything you need to know about this historic proposal.
What is this bill about?
Bernie Sanders' bill is not just a temporary solution, but a complete overhaul of the Social Security system. It proposes an average increase of $3,000 per month for current and future beneficiaries.
The main objective is to ensure that older adults do not have to choose between paying for electricity, buying food or accessing essential medicines.
Who would qualify for this increase?
Current beneficiaries: Retirees, disabled persons and survivors already enrolled in Social Security.
New beneficiaries: People who retire in the future will also see significant improvements in their payments.
Priority groups: Beneficiaries with lower incomes, people over 80 years of age and families with dependent children will receive additional increases.
The increase will be calculated based on factors such as:
1. Employment history.
2. Current level of benefits.
3. Cost of living in your area.
When could I receive this raise?
The plan will be implemented in phases:
During the first year, beneficiaries with the lowest payments will have priority.
Retroactive payments: Recipients could receive an initial sum covering the time elapsed since the law was passed.
How will this increase be financed?
The bill proposes to remove the cap on payroll taxes for high-income earners, thereby ensuring that Social Security is sustainable in the long term.
Additional benefits of the bill
1. More precise cost-of-living adjustments: A price index designed specifically to reflect seniors' expenses, such as health care and housing, will be used.
2. Protection from additional taxes: Low- and middle-income beneficiaries will not pay more taxes due to this increase.
3. Medicare with no negative impacts: Increases will not be absorbed by higher Medicare premiums.
4. Higher income limits: Working retirees will be able to earn more without facing penalties on their benefits.
5. Improvements for survivors: Widows and widowers will receive significantly higher payments.
What does this mean to you?
If you are already retired: Prepare your banking information and make sure all your data is up to date with Social Security.
If you are still working: Consider adjusting your retirement plan, as you may be able to retire earlier than planned or enjoy a more comfortable retirement.
If you are disabled: SSDI recipients will also see proportional increases.
What's next?
The bill has strong bipartisan support, which increases the chances of it passing. However, to make this happen quickly, your voice is key. You can write to your local representatives and express your support.
Bernie Sanders' bill represents a historic opportunity to transform Social Security, ensuring that no beneficiary is forgotten and providing a more secure future for millions of Americans.
On Shoeba Español TV we will continue to inform you of every advance of this proposal. Subscribe, share this video and comment on your doubts. See you in the next episode, where we will go into more depth.
We will consider how these changes will affect different groups.
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