Tag: 31% cut
Improving benefits for the low paid is a noble goal, but all but the very wealthy need the benefits in current law. Why in the world would Republicans put out a plan to dramatically cut Social Security? Even Donald Trump said he wouldn’t mess with the program’s benefits. Yet, the Republican Study Committee’s Blueprint to Sav…
House Ways and Means Subcommittee Chair proposes 31-percent cut in benefits. In December, House Ways and Means Social Security Subcommittee Chairman Sam Johnson introduced a bill to “save” Social Security. The problem is that he accomplishes this goal through a dramatic cut in benefits. As shown in Figure 1, Social Security costs at the end…
