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#politics #working class #health care #social security #medicare #retirement #retirees #retirement crisis #entitlements #entitlement reform #p2 #older americans #healthcare #social insuranceMore you might like
Asked Monday if the Trump administration would address “entitlement reform,” White House chief economic advisor Larry Kudlow said it will “probably” look at “larger entitlements” next year. Entitlement reform generally refers to changes or cuts to large government social programs such as Social Security, Medicare, Medicaid or food stamps.
via CNBC.
Related Reading:
Trump Advisor Re-Affirms Commitment to Cutting Social Security & Medicare.
- This aligns with comments from National Republican Congressional Committee chair, Rep. Steve Stivers, House Speaker Paul Ryan, and several other key GOP members about the need to pay for last year’s tax cuts by ‘reforming’ Social Security and Medicare. ‘Reforming,’ of course, means cutting and privatizing.
When a candidate promises to “save these programs for future generations” by raising the retirement age, raising the Medicare eligibility age, privatizing Social Security, changing the COLA formula and means-testing Social Security while exempting near retirees what they’re actually saying is: “We know seniors vote so we’ll protect them now and slash future benefits for their children and grandchildren instead.
via Entitled to Know.
Rather than acknowledge our national retirement crisis and propose policy prescriptions to improve the ability of average Americans’ to save for retirement and boost benefits for Social Security and Medicare, policy proposals of most of the Republican Presidential candidates do just the opposite – cut benefits and shift more costs to middle-class families.
Max Richtman via Entitled to Know.
Rather than acknowledge our national retirement crisis and propose policy prescriptions to improve the ability of average Americans to save for retirement and boost benefits for Social Security and Medicare, policy proposals of most of the Republican Presidential candidates do just the opposite - cut benefits and shift more costs to middle-class families.
via Entitled to Know.
Max Ritchman, President and CEO of the National Committee to Preserve Social Security and Medicare: “America’s seniors understand all too well that our nation faces a retirement crisis and improving Social Security benefits is vital to keeping millions from poverty. Rep. Linda Sanchez’s ‘Strengthening Social Security Act’ makes several important improvements for seniors by: phasing out the payroll tax cap so that the wealthy pay their fair share, creating a Cost of Living adjustment for the elderly and boosting benefits for all retirees including widows/widowers. NCPSSM strongly supports this legislation and applauds Congresswoman Sanchez for doing the right thing for America’s seniors and their families.”
Related Reading:
…Here we are, eleven years later, facing another existential threat to our health and retirement income security. But this time the threat is worse, the peril more palpable. The millions of workers, retirees, the disabled and their families who depend on Social Security and Medicare have cause for grave concern.
More on this issue here.
Mulvaney, who supports Social Security and Medicare reforms, told CNBC ‘we’re working on’ persuading Trump to embrace entitlement reform, including changes to Social Security Disability Insurance.
Social Security is indispensable for many of our nation’s retirees, who depend on the program for retirement security. But for the 65 million people on Social Security, there will be no annual raise in their benefits in 2016.
via NJ.com.
Related Reading:
No COLA Increase for Millions of Seniors.
No Social Security COLA Increase + Massive Medicare Hike for Millions.
Members of the conservative Freedom Caucus said Tuesday entitlement reform should be included in the next budget that passes the House, despite President Trump’s campaign promise that he would leave Social Security and Medicare alone.
via The Hill.
Related Reading:
- New Poll Shows Majorities Do Not Support GOP Proposals for Social Security and Medicare.
- In the poll of likely voters, 79% favor increasing Social Security
benefits — and funding that increase by having wealthy Americans pay
the same rate into Social Security as everyone else. Seventy-seven
percent oppose raising the Social Security retirement age to 69, and a
whopping 93% favor allowing Medicare to negotiate to bring down the
price of prescription drugs.
The conservative argument that the retirement crisis is a myth has been based on the notion that Americans actually will have far more in retirement resources than they recognize — particularly that Social Security benefits will amount to a much larger percentage of workers’ lifetime income than has been assumed. Ergo, there’s no need to expand Social Security to give retirees more.
via Los Angeles Times.