Social Security, Not CEO Bonuses - Pass Elizabeth Warren and Bernie Sanders's SAVE Benefits Act

In October 2015, the federal government announced that — for just the third time since 1975 — Social Security recipients will NOT receive a cost of living adjustment. Senators Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) aim to fix that.

The Senators plan to introduce a bill that would close a tax loophole that allows corporations to write off the costs of CEO bonuses and use the revenue that is generated to give Social Security recipients a $580 check! 

Nearly 65 million Americans receive Social Security, and is the sole source of income for one in four seniors. All told, the program keeps 21.4 million people out of poverty, including 14.5 million seniors and one million children.

Senator Warren explained the need for her and Senator Sanders' legislation, saying:

"While Congress sits on its hands and pretends that there's nothing we can do, taxpayers will keep right on subsidizing billions of dollars' worth of bonuses for highly paid CEOs. Giving seniors a little help with their Social Security and stitching up corporate tax write-offs isn't just about economics; it's about our values."

Every year, the cost of essentials like housing, food, healthcare and transportation rise. To keep Social Security's promise, benefits should rise too.  

Take a stand for the millions of Americans who rely on Social Security. Tell your U.S. Representative and Senators to support the Warren-Sanders bill to prioritize seniors and children over CEO bonuses.