WASHINGTON, July 14 -- Sen. Tim Kaine issued the following press release:
Today, U.S. Senator Tim Kaine (D-VA), a member of the Senate Health, Education, Labor and Pensions (HELP) Committee, and U.S. Senators Dick Durbin (D-IL), Bill Cassidy (R-LA), Thom Tillis (R-NC), Angus King (I-ME), John Cornyn (R-TX), Chris Coons (D-DE), and Alan Armstrong (R-OK) introduced a bipartisan proposal to encourage 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 wh...