Senator Max Baucus is releasing a new non-partisan report today showing that if the Social Security proposal being considered by White House had been in effect in 1940, seven million seniors would have fallen into poverty this year. This information was contained in a new report Baucus requested from the non-partisan Congressional Research Service (CRS).
Currently, there are 3.5 million seniors who are living in poverty in the U.S. The report indicates, however, that 10.5 million seniors would be in poverty this year if the plan being considered by the White House had been initiated in 1940, the first year in which Social Security benefits were issued.
http://finance.senate.gov/sitepages/baucus.htm
Currently, there are 3.5 million seniors who are living in poverty in the U.S. The report indicates, however, that 10.5 million seniors would be in poverty this year if the plan being considered by the White House had been initiated in 1940, the first year in which Social Security benefits were issued.
http://finance.senate.gov/sitepages/baucus.htm
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