WASHINGTON, July 14 -- Sen. Bill Cassidy issued the following press release:
U.S. Senators Bill Cassidy, M.D. (R-LA), Dick Durbin (D-IL), Thom Tillis (R-NC), Tim Kaine (D-VA), John Cornyn (R-TX), Angus King (I-ME), and Alan Armstrong (R-OK) today introduced a proposal to initiate Congressional action on Social Security. The Protecting Retirement Opportunities and Maintaining Income Security for Everyone (PROMISE) Act follows the release of the Social Security Board of Trustees' annual report, which found that the Social Security Trust Fund will only be able to cover 78 percent of benefits in 2032-meaning that Americans who rely on the program will have their benefits reduced by 22 percent if Congress does not act.
"Millions of Americans r...