House Passes 2021 Cost-of-living Veterans Benefits Increase

May 30, 2020 - 11:02 am

House lawmakers passed a cost-of-living increase for veterans benefits in 2021, so long as Social Security officials approve one, too. 

The legislation now heads to the Senate, where the normally routine bill could face more challenges this year as lawmakers on Capitol Hill juggle regular business with responding to the coronavirus pandemic, which has delayed other votes and committee hearings. 

The bill, sponsored by Navy veteran Rep. Elaine Luria, D-Va., was approved by voice vote in the House on Thursday and affects disability and dependent compensation, clothing allowances and dependency and indemnity compensation to surviving spouses and children and more. 

“During this public health emergency, it is more important now than ever to provide this cost-of-living adjustment to disabled veterans who depend on their benefits to pay for necessities," Luria said in a statement Thursday. "I urge my Senate colleagues to quickly pass this economic relief and pay raise for our veterans.”

“Now more than ever, it is critical that the men and women who have served our nation receive the benefits they have earned,” said Rep. Mike Bost, R-Fla., cosponsor for the bill. "Many veterans and their families depend on these benefits to pay for necessities like food and medicine.”

Earlier this year, veterans and Social Security beneficiaries received a 1.6 percent cost-of-living increase. So far it's unclear exactly how much the increase for 2021 might be. The 2020 increase was decided based on inflation and consumer spending data from the end of 2019. 

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