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Congressman Bobby Scott

Representing the 3rd District of Virginia

Social Security

Social Security is one of the most successful and important government programs ever enacted. For well over 75 years, Social Security has been giving seniors and their families peace of mind and economic stability. Congressman Scott is adamantly opposed to cutting Social Security to balance the budget or offset the cost of tax cuts. Congressman Scott knows that Social Security does not add a single penny to our nation's budget deficit and believes that any discussion to reform Social Security should be for the benefit of Social Security alone, not to offset the costs of unaffordable tax cuts or to reduce the budget deficit. In Congress, Congressman Scott has opposed efforts to change the cost-of-living-adjustment formula from the current formula to a "chained-CPI" formula. Congressman Scott has also cosponsored legislation that would phase out the Social Security payroll tax cap, currently at $113,000 for 2013, to ensure that wealthy Americans contribute more to the program to extend its solvency. More importantly, Congressman Scott supports legislation that would improve Social Security benefits by using a cost-of-living-adjustment formula that actually keeps pace with the costs of consumer goods that seniors use more regularly than other Americans – the cost of health care. 

Important Social Security Information

More on Social Security

October 20, 2016 Press Release
NEWPORT NEWS, VA – On October 18, 2016, the Social Security Administration announced that Social Security beneficiaries would only receive a 0.3 percent cost-of-living adjustment (COLA) in 2017. Congressman Bobby Scott (VA-03), a member of the House Democratic Caucus’ Seniors Task Force, issued the following statement on the Social Security Administration’s announcement of the 2017 COLA: “This week’s announcement by the Social Security Administration of a paltry 0.3 percent COLA for our seniors confirms yet again that Congress must act to reform the COLA formula so that future COLAs better account for price increases in consumer goods more utilized by our seniors.
October 19, 2011 Press Release
WASHINGTON, DC Today, the Social Security Administration announced a Cost-of-Living Adjustment (COLA) of 3.6% for Social Security beneficiaries in 2012. This is the first increase for beneficiaries ...