WASHINGTON, D.C. - Ways and Means Committee Chairman Charles B. Rangel (D-NY) issued the following statement in response to an announcement today by the Social Security Administration (SSA) that beneficiaries will not receive a cost of living adjustment (COLA) in 2010:
“Today’s announcement simply reinforces the importance of President Obama’s recent call for a $250 economic recovery assistance payment to seniors, veterans and people with disabilities. While the economy continues to show signs of recovery, millions of Americans are still facing difficulties and this payment will help them make ends meet. In the coming weeks I will continue working to move this recovery payment forward so that we can get these checks in the hands of the people who need it most. Providing this important and needed assistance will not come at the expense of the financial solvency of the Social Security Trust Fund."
