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