Roe Statement on the Veterans Compensation Cost-of-Living Adjustment Act of 2018
Washington, D.C. - Today, Rep. Phil Roe, M.D. (R-Tenn.), chairman of the House Committee on Veterans’ Affairs, released the following statement after President Donald J. Trump signed the bipartisan Veterans Compensation Cost-of-Living Adjustment Act of 2018 into law on October 9, 2018:
“This brings yet another win to our nation’s veterans. This legislation provides veterans with a cost-of-living adjustment that keeps up with inflation. So many veterans rely on disability compensation payments to make ends meet, and this cost-of-living adjustment means that they will be able to continue to do so.
“I want to thank the Chairman of the Disability Assistance and Memorial Affairs Subcommittee Rep. Mike Bost for his steadfast leadership on this issue as the sponsor of this legislation. I am also so grateful that President Trump has been such a strong champion for veterans and remains committed to ensuring they receive the best support and care. And, I am thankful for Chairman Isakson, Ranking Members Tester and Walz and for the members of the House and Senate Committees who have proven time and time again that our commitment to veterans is bipartisan.”
The Department of Veterans Affairs (VA) provides a range of benefits for veterans. While Social Security benefits are automatically adjusted annually to keep pace with inflation, Congress must pass legislation every year to increase the rates of veteran disability compensation. The Veterans Compensation Cost-of-Living Adjustment Act of 2018 would increase the rates of compensation for veterans with service-connected disabilities as well as the rates of dependency and indemnity compensation for the survivors of certain disabled veterans as of December 1, 2018, and by the same percentage as Social Security beneficiaries. You can find a summary of the legislation here.