Congressional Digest

Congressional Digest February 2025 No. 2 Vol. 104
Social Security

Social Security

PROS & CONS of Social Security Reform

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Excerpt

In 1935, President Franklin Roosevelt signed the Social Security Act. The law aimed to improve the economic security of all Americans. The act included a retirement pension program for those 65 years or older, unemployment insurance funded by employers, health insurance for people in financial distress, financial assistance for widows with children and financial assistance for individuals with disabilities. The next year, payroll tax deductions began to help fund the program.

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