Boston (August 13, 2025) - Sen. Ed Markey (D-Mass.) announced he would cosponsor the Keep Billionaires Out of Social Security Act. The legislation — unveiled ahead of the 90th anniversary of President Franklin D. Roosevelt signing the Social Security Act into law — reverses the disastrous cuts the Trump administration has made to the Social Security Administration (SSA), prevent Social Security field offices from shutting down, make it easier for seniors and people with disabilities to apply for the benefits they have earned over the phone and provide the resources the SSA needs to approve earned benefits quickly.

Joining Markey as cosponsors on this legislation are Sens. Bernie Sanders (I-Vt.), Ron Wyden (D-Ore.), Chuck Schumer (D-N.Y.), Richard Blumenthal (D-Conn.), Kirsten Gillibrand (D-N.Y.), Tina Smith (D-Minn.), Elizabeth Warren (D-Mass.), Jack Reed (D-R.I.), Andy Kim (D-N.J.), Angus King (I-Maine), Peter Welch (D-Vt.), Amy Klobuchar (D-Minn.), Chris Coons (D-Del.), Tammy Baldwin (D-Wis.), Mazie Hirono (D-Hawaii), Alex Padilla (D-Calif.), Dick Durbin (D-Ill.), John Hickenlooper (D-Colo.), Chris Van Hollen (D-Md.) and Jeff Merkley (D-Ore.).

“Millions will suffer from Donald Trump and Elon Musk's callous Social Security cuts — all so that billionaires can thrive,” said Markey. “These are benefits Americans have earned and deserve. We need to pass the Keep Billionaires Out of Social Security Act now.”

Social Security is the most successful government program in U.S. history — paying out every benefit owed to every eligible American on time and without delay for almost 90 years, and helping millions of seniors, widows, dependent children and people with disabilities live with dignity. In 2023 alone, Social Security lifted 27.6 million Americans out of poverty, including more than 19.5 million seniors. Without it, nearly 40% of people over age 65 would be living in poverty.

Despite the program’s success, the Trump administration has fired over 7,000 workers at the SSA, closed field offices throughout the country, required in-person office visits to receive benefits, limited access to a live operator when Americans call the 1-800 number for Social Security benefits, and issued false statements designed to undermine the confidence that the American people have in this life-saving program. Adding insult to injury, Trump has given the so-called “Department of Government Efficiency” (DOGE) staff unfettered access to Americans’ most sensitive private information.

Trump’s cuts to the Social Security Administration could not come at a worse time. Even before Trump became president, the SSA was grossly under-funded and under-staffed. As a result, some 30,000 people with disabilities die each year waiting for their benefits. Trump’s dangerous cuts to Social Security will only make a bad situation even worse.

The Keep Billionaires Out of Social Security Act would reverse Trump’s cuts to Social Security and rebuild the Social Security Administration by:

• Protecting and improving Americans’ access to Social Security offices — prohibiting closures, relocations and service reductions, reversing Trump’s layoffs, and ensuring Americans can speak to real people to get their benefits;
• Increasing funding by $5 billion to improve customer service, modernize technology and reduce backlogs;
• Restoring assistance for vulnerable and disabled people to access their benefits;
• Safeguarding Americans’ data and stopping Trump’s politicization of Social Security; and
• Removing DOGE’s authority and calling for an independent investigation into DOGE’s actions at SSA.

The legislation is endorsed by several organizations, including: Social Security Works, AFSCME, Alliance for Retired Americans, Center for Living & Working, Montachusett Veterans Outreach Center, American Association of People with Disabilities, Justice in Aging, National Committee to Preserve Social Security and Medicare, New York Legal Assistance Group and New Disabled South.

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