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Subcommittee on social sushlg held a hearing on the impact of coronavirus on Social Security. Several raised concerns about a payroll tax cut which they said would reduce funding for the program. The subcommittee on Social Security will come to order. I want to welcome all of our witnesses and audience members. Thank you, everyone, for joining with us today as we all bear up under covid19 and address technologically to coming together. We will begin with Opening Statements by myself and the Ranking Member followed by testimony from our witnesses, and the opportunity for each member to ask questions. Well dispense of the practice observing givens rule and instead go in order of seniority for questioning. Alternating between minority and majority. Members will b ....
A look at the impact of the coronavirus pandemic on Social Security. Witnesses before a house panel say recipient to rely on the income could be affected by a prolonged economic downturn. The subcommittee on Social Security will come to order. I want to welcome all of our witnesses and audience members, thank you for joining with us today as we bear up under covid19 and addressed technologically to coming together. We will begin with Opening Statements by myself and the Ranking Member. Testimony from our witnesses and the opportunity for each member to ask questions. We will dispense the practice of observing and instead go in order of seniority for questioning, alternating between minority and majority. Member will be responsible from youding and then muting ....
providers, giving you a front row seat to democracy. next, the senate budget committee looking at preserves social security. some senators and witnesses argue the tax code should be more fair and the wealthiest americans need to pay more into the system. others think social security needs to be on more secure financial ground before expanding benefits. the hearing is two hours. sen. today we have a hearing on a subject that is of enormous interest to i think almost every american that is the future of social security in our country. and let me thank all of our panelists for being with us. and let me thank the senators who i know are going to be filtering in as the hearing progresses. my understanding is that ranking member lindsey graham, has a scheduling conflict, and we ll be making his opening statement after our witnesses testify. is that right? okay. our social security is, i think as everybody knows, one of the most popular and successful government programs in ....
Earlier this week . All right, so youll hear a little overlap. Its in the 30th year of existence, 30 years ago robert ball, wilber cowan, bob meyers, legendary in the insurance, realized we needed an academy for two major purposes, number one, existing social insurance scholars so they could support each other and advance the field and at that time 30 years ago we scoured the country and could come up with just about 100 people in this entire country who were legate get mat social insurance scholars. As you know, today the economy has about a thousand members so in 30 years weve had a very nice growth, but the second goal of the academy and this is the essence of what today is, back as a magnet to attract younger people. At that point, you know, the academy 33 years ago, younger people were me, with the boomer generation and it was a fear that we boomers were just not understanding why we have programs like Social Security, medic ....