Tag: Chairman Sam Johnson

Serious pensioner bowing head while looking at check while sitting on a couch

Plans to Cut Social Security Already?

MarketWatch Blog by

January 17, 2017

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…