Bernie Sanders Introduces Bill to Protect Social Security from Cuts
In a bold move coinciding with the 90th anniversary of the Social Security Act, Vermont Senator Bernie Sanders has introduced the “Keep Billionaires Out of Social Security Act.” This legislative effort aims to reverse what Sanders and his Democratic colleagues describe as “disastrous cuts” implemented during the Trump administration. The bill, co-sponsored by Senators Ron Wyden of Oregon and Chuck Schumer of New York, represents a direct response to policy changes that have affected the Social Security Administration (SSA) and the millions of Americans who depend on its services.
Social Security isn’t just another government program—it’s a lifeline for over 70 million Americans who receive monthly payments. The significance of this safety net cannot be overstated, as experts estimate nearly 40 percent of people over age 65 would be living in poverty without these benefits. During the previous administration, the SSA lost more than 7,000 jobs and saw numerous field offices closed across the country, creating barriers for many seniors and disabled Americans trying to access their earned benefits. These cuts have real-world consequences for vulnerable populations who rely on in-person services to navigate the often complex Social Security system, especially those who lack digital literacy or internet access.
The proposed legislation takes a comprehensive approach to addressing these issues. It would prohibit future Social Security office closures, relocations, and service reductions while reversing the previous administration’s layoffs. Perhaps most significantly, the bill would inject $5 billion into improving customer service at the SSA—a direct response to growing complaints about wait times and accessibility. The legislation also aims to safeguard Americans’ personal data and would remove the Department of Government Efficiency’s authority over the SSA, which Sanders and his allies view as a potential avenue for privatization. As Kevin Thompson, CEO of 9i Capital Group, explained, “The proposal is to thwart the privatization of the Social Security system as we know it. Sanders wants to increase funding for the system while also improving field offices rather than closing them down.”
The bill has garnered substantial support among Democrats in the Senate, with over 25 senators signing on as co-sponsors. This impressive roster includes prominent figures like Elizabeth Warren, Cory Booker, Amy Klobuchar, and Dick Durbin, along with independent Angus King of Maine. The unified Democratic support underscores the party’s commitment to protecting Social Security, which Sanders’ office points out lifted 27.6 million Americans out of poverty in 2023 alone, including more than 19.5 million seniors. This broad coalition reflects the political significance of Social Security as both a policy priority and an electoral issue that resonates deeply with voters across demographic groups.
In announcing the legislation, Sanders didn’t mince words about his assessment of the previous administration’s approach to Social Security. “Since Trump has been in office, he has worked overtime—including with one of the wealthiest men in the world, Elon Musk—to dismantle Social Security and undermine the faith that the American people have in this vitally important program,” Sanders stated. He highlighted specific concerns about job losses, office closures, and deteriorating customer service, including problems with the program’s 1-800 number. Jim Komoroski, president of the M1 Agency and a registered Social Security analyst, expressed support for the bill’s goals, noting that “for beneficiaries, the tangible result should be smoother access to services especially for older adults and people with disabilities. Specifically shorter wait times, and stronger confidence in the system.”
Despite the strong Democratic backing, the bill faces significant hurdles in the current political landscape. Finance expert Michael Ryan bluntly assessed its chances: “Will it pass? About as likely as me recommending crypto to my 85-year-old clients.” Kevin Thompson echoed this sentiment, noting that “the bill will probably not go very far as the Democrats don’t have the votes in Congress.” Thompson further observed that “the current administration is looking at ways to cut spending for social programs by disguising these cuts as waste, fraud and abuse. To think we are getting more money would be a bit of a stretch.” Nevertheless, by introducing this legislation, Sanders has elevated the conversation about Social Security’s future and highlighted its crucial role in America’s social safety net. As the nation marks nine decades of this landmark program, the debate over how best to preserve and strengthen it for future generations remains as relevant and contentious as ever.
