Bryan Caforio Marks Social Security Act’s 81st Anniversary

Immediate Release: August 14, 2016

Bryan Caforio Marks Social Security Act’s 81st Anniversary

Candidate for CA-25 Calls Fulfilling Sacred Promise to Today’s Seniors and Tomorrow’s Retirees a Top Priority

Santa Clarita, Calif. – Today, Bryan Caforio, candidate in California’s 25th Congressional District, marked the Social Security Act’s 81st anniversary by vowing to strengthen and secure the program so that America fulfills its sacred promise to today’s seniors and tomorrow’s retirees.

“Social Security is a great example of American ingenuity to solve a problem through government action. Social Security pays for itself and does not add one penny to the national debt. Yet, Washington politicians continue to try to weaken the program by giving a windfall to Wall Street speculators,” said Caforio. “One of my top priorities in Congress will be to stand up to all Republican attempts to cut benefits, raise the retirement age, or privatize Social Security, which would have put millions of retirees at risk during the recent financial collapse.”

When Franklin D. Roosevelt signed the Social Security Act into law in 1935, he said it was to “give some measure of protection to the average citizen and his family against the loss of a job and against poverty-ridden old age.” In 2012, Social Security lifted nearly 15.3 million elderly Americans out of poverty, including nine million women. In that same year, six million children and 5.3 million California residents received Social Security benefits.

Calling it the “single greatest program in this country’s history,” Caforio offers concrete steps to strengthen and secure Social Security for this and future generations, including:

  • Scrap the Cap: by requiring millionaires and billionaires to pay the same percent of their incomes towards Social Security as middle-class families, we can guarantee that Social Security remains fully funded for another fifty years.
  • Increase Benefits: by using the CPI-E (Consumer Price Index-Elderly), instead of the CPI-W (Consumer Price Index – Urban Wage and Clerical Workers), to calculate COLA (Cost of Living Adjustments), we will more accurately account for our seniors’ regular expenses and allow them to live more securely on their own.
  • Pass the Seniors and Veterans Emergency Benefits Act (H.R. 4144): this would provide a one-time $580 payment to all Social Security beneficiaries to help seniors recover from the recession.

Caforio was born and raised in Southern California by two public school teachers, attended UCLA and Yale Law School, worked for a United States federal judge, and practices as an attorney taking on some of the world’s biggest banks. Bryan lives in Santa Clarita with his wife Lisa, who serves as a Deputy City Attorney at the Los Angeles City Attorney’s Office.

The 25th District covers northern Los Angeles County and part of Ventura County including the Antelope Valley, Palmdale, Lancaster, Santa Clarita, and Simi Valley. President Obama won the district in 2008, and experts consider the race a toss-up this year. Last year Democratic registration eclipsed Republican registration for the first time, and the district is now majority-minority. National Republicans list Congressman Knight as one of their most vulnerable incumbents.

www.bryancaforio.com

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