“Republicans Are Working on Making 70 the New Social Security Retirement Age” – Truth Out
Republicans claim that raising the eligibility age is not a big deal. What about the millions of Americans who’ll have to wait three more years to get their Social Security and Medicare? Republicans oppose President Biden’s Billionaire Tax which would require billionaires to pay their fair share of taxes. This would help fund Social Secuity and Medicare while also reducing the deficit at the same time.
We mapped the number of seniors aged between 67-69 in every county to see how many would be hurt by this Republican scheme. Zoom into the map to see the Congressional Districts and county boundaries. The map also includes the phone number for your Congressional rep and Senator. Call them with one click if you’d rather not wait three more years for Federal benefits that you’ve already paid for and entitled to.
Republican scheme to raise Social Security and Medicare eligibility age to 70
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Republicans have been pushing for Social Security cuts
“Republicans have been clear that their intentions are to slash benefits and force people to depend on work to survive for even longer into old age. Republican lawmakers have been pretending in public that they are opposed to cutting programs like Social Security and Medicare, perhaps because they know that doing so would be extremely unpopular. When President Joe Biden mentioned GOP plans to cut Social Security and Medicare in his State of the Union address, Republicans responded with jeers and outrage. But, in reality, many Republican politicians and members of Congress have been pushing for cuts.” – TruthOut
Raising the eligibility age
Raising the eligibility age is not an insignificant proposal with mere incidental effects. Research has found that raising the retirement age to 70 would cut monthly Social Security payments for early retirees by about 15 percent. And people in low-income or blue collar jobs would see their retirements cut the most, as those populations have a lower life expectancy, meaning that they would enjoy even fewer years of retirement. – TruthOut
Make billionaires pay their fair share of taxes to fund Social Security
“Raising the retirement age is probably a non-starter with Congressional Democrats. The White House has made defending Medicare and Social Security benefits a major theme ahead of the 2024 election and seem unlikely to go along with any proposal that complicates their message.
“The president has not endorsed a specific proposal but has made clear that he opposes Social Security benefit cuts,” a White House official told Semafor. “He does welcome proposals from members of Congress on how to extend Social Security’s solvency without cutting benefits or increasing taxes on anyone making less than $400,000.”
Sen. Bernie Sanders, I-Vt., recently rolled out a bill that would apply the payroll tax to higher salaries, including wealthier Americans’ investment income, in order to fund a major expansion of benefits.” – Semafor
TakeAway: Make billionaires pay their fair share of taxes to fund Social Security and Medicare.
Deepak
DemLabs
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