Showing posts with label Ways and Means Committee. Show all posts
Showing posts with label Ways and Means Committee. Show all posts

Oct 25, 2024

Ways And Means Republicans Oppose Recent Decisions By Commissioner Of Social Security

     From a press release issued by the Republican majority on the House Ways and Means Committee:

Four recently finalized rules from the Social Security Administration (SSA) are the latest examples of the Biden-Harris Administration’s expansion of federal power at a substantial cost to taxpayers, write House Ways and Means Chairman Jason Smith (R-MO), Work and Welfare Subcommittee Chairman Darin LaHood (R-IL), Social Security Subcommittee Chairman Drew Ferguson (R-GA), Budget Committee Chairman Jodey Arrington (R-TX), and Budget Committee Oversight Task Force Chair Jack Bergman (R-MI) in a new letter to Social Security Commissioner Martin O’Malley.

Over the next decade, these Biden-Harris rules from the SSA, which circumvent the fiscal accountability requirements of the bipartisan Fiscal Res    ponsibility Act, will add $37 billion in new, unpaid-for spending within the Social Security Disability Insurance (DI) and Supplemental Security Insurance (SSI) programs. 

The Biden-Harris Administration’s failure to offset the costs of these rules will both run up the already unsustainable national debt and further harm the financial health of the Social Security programs. Further, these rules were finalized at a time when the combined Social Security Trust Funds are expected to go bankrupt and be unable to pay full benefits in the next decade. ...

    The rules in question are:

  • Expand the Definition of Public Assistance Household: Estimated 10 Year Cost: $15 billion
  • Omitting Food from In-Kind Support and Maintenance Calculations: Estimated 10 Year Cost: $1.6 billion
  • Expansion of the Rental Subsidy Policy for SSI Applicants and Recipients: Estimated 10 Year Cost: $837 million
  • Intermediate Improvement to the Disability Adjudication Process: Including How We Consider Past Work: Estimated 10 Year Cost: $19.7 billion