John Larson, the Chairman of the House Social Security Subcommittee, has come up with a bill that would make some modest changes in Social Security aimed at reducing inequities caused by Covid-19. He's asked Social Security's Chief Actuary to tally the costs. It's pretty much small bore stuff -- $75 billion over ten years, all to be reimbursed out of general revenues. It will certainly be going nowhere in this Congress. Who knows about the next Congress? I imagine this proposal will be the focus of tomorrow's Subcommittee hearing.
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