💰90th Anniversary of Social Security Act
90th Anniversary of the Social Security Act
Summary
Proclamation 10964 celebrates the 90th anniversary of the Social Security Act, reaffirming the government's commitment to strengthening the social safety net for seniors and addressing fraud within the program. The proclamation emphasizes the importance of Social Security in providing income security and acknowledges the contributions of American seniors to the nation's progress.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The proclamation highlights significant changes in the Social Security program, including the elimination of taxes on benefits for most seniors, which can affect workforce planning and financial obligations for businesses. The administration's commitment to rooting out fraud could lead to stricter compliance requirements for employers regarding employee benefits.