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Insider’s Report: Republican Study Committee Releases Budget Unfriendly to Seniors
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The Republican Study Committee, which is comprised of two-thirds of Republicans in the U.S. House of Representatives, has released their fiscal year 2024 budget proposal. And like past proposals it takes aim squarely at seniors’ earned benefits.
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Among other measures, this budget proposal calls for:
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Reforming Social Security by raising the full retirement age (FRA) to 69 which would amount to a benefit cut for older Americans. The current full retirement age is 66 or 67, depending on your birth year. For all Americans born in 1960 or later, the FRA is 67.
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Repealing historic drug pricing reforms passed in the last Congress that are helping lower prescription drug cost for seniors, including capping the price of insulin at $35 a month, and saving Medicare billions of dollars.
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While this plan chips away at seniors’ earned benefits, it also would make the unpaid-for Trump-GOP tax cuts permanent. The 2017 tax law, which primarily benefits the wealthiest Americans and huge corporations, added more than $2 trillion to budget deficits.
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We have to look at the entire budget. … The majority driver of the budget is mandatory spending. It’s Medicare, Social Security, interest on the debt.”
– Speaker of the House Kevin McCarthy
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For years opponents of Social Security and Medicare have perpetuated the lie that your earned benefits take too much from the budget — and that these programs need “saving” — when the truth is simply this: Tax breaks, including write-offs for billionaires, millionaires and large corporations, account for the largest part of the federal budget. More than Social Security — and far more than Medicare and Medicaid combined.
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Bottom line, your earned benefits remain in the crosshairs of lawmakers in Congress who would rather make the little guy work harder, pay more and get less … so they can continue to protect the fortunes of millionaires, billionaires and huge corporations!
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That’s why, as budget negotiations continue in Washington, the National Committee is making the case against balancing the budget on the backs of seniors. Please make your voice heard by your members of Congress by signing our EMERGENCY PETITION TO CONGRESS today.
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NCPSSM President Max Richtman with Richmond, VA Mayor Levar Stoney answer audience questions.
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Social Security Town Hall Meeting
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The National Committee is launching a new public education campaign — in partnership with AARP — to correct misinformation about Social Security and emphasize the program’s value to American workers, especially to communities of color. The campaign, “Social Security: Here Today, Here Tomorrow,” will debunk myths and give workers the facts about their vital earned benefits.
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The campaign includes a series of public town halls across the U.S. between June and October 2023 and features prominent Social Security experts and advocates, Social Security officials and financial advisors. The first town hall was held Tuesday, June 27th, in Richmond, VA before a sold-out crowd. The Richmond panel of experts included former Acting Social Security Commissioner, Carolyn Colvin. Learn more about our upcoming town hall meetings.
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Ask Us!
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Whether you’re retired or approaching retirement, our team of experts in the field of Social Security policy is available to answer your questions about benefits.
You can either search our archives for valuable advice on a broad range of concerns or submit your question here.
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This week’s question is: I am eligible for benefits; my husband does not have enough credits. I know he will receive survivor benefits if I die, but does he receive any income if both are alive?
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Click here to read the answer.
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Ask Us
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Whether you’re currently retired or approaching retirement, we can help answer your questions and provide valuable advice on Social Security.
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Donate Now
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Your support sustains our campaigns in Washington to protect and strengthen Social Security and Medicare.
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Aging, Health and Care
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Find useful resources on everything from caregiving and hearing care to long-term care and transportation.
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Floating in the same boat as Flathead Valley residents who rely heavily on hard-earned Social Security checks, who better to debrief during my working visit to the nation’s capital than Max Richtman, who knows Montana and its people like the back of his hand.
(June 21, 2023, Flathead Beacon, John McCaslin)
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Read Here →
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The drug industry is launching a legal assault on Medicare’s new powers to negotiate drug prices just as talks with manufacturers begin, threatening to stall a key Biden initiative. (June 21, 2023, The Hill, Joseph Choi)
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Read Here →
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Agency management is doing “the bare minimum” to improve workplace conditions amid a daunting workload and morale that is among the worst in the federal government, union officials argue. (Updated June 22, 2023, Government Executive, Erich Wagner)
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Read More →
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On June 27, AARP Virginia and The National Committee to Preserve Social Security and Medicare (NCPSSM) will host a town hall forum where experts will explain how social security provides fundamental financial security — and not just in retirement.
(June 16, 2023, WTVR-TV, Reba Hollingsworth)
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Read More →
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