Amended in 1972 to include automatic cost-of-living adjustments, it was partially inspired by the Townsend Plan, which proposed a national two percent sales tax to pay for guaranteed monthly pensions.
Republican National Committee chairman John Hamilton warned that workers would be forced to wear dog tags after the passage of this act, whose goal was similar to the Ham and Eggs movement and the Bigelow plan. Its constitutionality was upheld by Steward Machine Co. v Davis in 1937. Amended in 1972 to include automatic cost-of-living adjustments, it was partially inspired by the Townsend Plan, which proposed a national two percent sales tax to pay for guaranteed monthly pensions. FTP, name this 1935 act which established national retirement benefits to people over the age of 65.s
Republican National Committee chairman John Hamilton warned that workers would be forced to wear dog tags after the passage of this act, whose goal was similar to the Ham and Eggs movement and the Bigelow plan.
{Social Security Act}