Huffington Post: Harry Reid Vows To Pass Social Security Cost Of Living Benefit For Seniors

Senate Majority Leader Harry Reid vowed Friday to pass a $250 cost-of-living adjustment for Social Security beneficiaries when the Senate reconvenes in November.

Reid’s statement follows the announcement that more than 58 million seniors and other Social Security recipients will see no inflation adjustment in their retirement and disability benefits for the second in a row.

“Earlier this year I voted to provide seniors a $250 Social Security raise,” Reid said in a statement Friday night. “While Republicans blocked our efforts to help seniors the last time, we cannot give up. When the Senate reconvenes, we will give seniors in Nevada and across the country this badly-needed raise. I will be working hard to gain Senate passage for a proposal that ensures that America’s seniors are treated fairly.”

Inflation statistics released Friday confirmed that the consumer price index has not risen high enough to allow the Social Security Administration to increase the benefit amounts legally.

The last time seniors endured two straight years with no inflation adjustments to their benefits was 1975.

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