social security begain in the us on august 14, 1935.
social security begain in the us on august 14, 1935.
when did social security begin in the us?
august 14 , 1935
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in january 1935, roosevelt proposed the social security act, which he presented as a more practical alternative to the townsend plan. after a series of congressional hearings, the social security act became law in august 1935. during the congressional debate over social security, the program was expanded to provide payments to widows and dependents of social security recipients. job categories that were not covered by the act included workers in agricultural labor, domestic service, government employees, and many teachers, nurses, hospital employees, librarians, and social workers. the program was funded through a newly established a payroll tax which later became known as the federal insurance contributions act tax. social security taxes would be collected from employers by the states, with employers and employees contributing equally to the tax. because the social security tax was regressive, and social security benefits were based on how much each individual had paid into the system, the program would not contribute to income redistribution in the way that some reformers, including perkins, had hoped. in addition to creating the social security program, the social security act also established a state-administered unemployment insurance system and the aid to dependent children program, which provided aid to families headed by single mothers. compared with the social security systems in western european countries, the social security act of 1935 was rather conservative. but for the first time the federal government took responsibility for the economic security of the aged, the temporarily unemployed, dependent children and the handicapped. reflecting the continuing importance of the social security act, biographer kenneth s. davis later called the social security act "the most important single piece of social legislation in all american history."
presidency of franklin d. roosevelt, first and second terms