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THE NEW DEAL-- THE SOCIAL SECURITY ACT OF 1935 gggff

 

 Franklin Roosevelt signing bill   Social Security COLAs

Nixon with arms folded

President Nixon shown relaxing at the "western White House," his estate in San Clemente, California-- July 9, 1972. It was during this vacation that he signed, on July 1st, the bill P.L. 92-336 which authorized a 20% cost-of-living allowance effective 9/72, and which established the procedures for issuing automatic COLAs each year, beginning in 1975.