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Insider’s Report: The GOP Wants to Slash Social Security

COLA

On Tuesday, older Americans won a significant victory for their earned benefits! Senator Raphael Warnock’s win over Herschel Walker in the Georgia runoff means seniors will have another strong advocate for Social Security and Medicare seated in the Senate prepared to fight for their retirement security.

Yet, despite strengthening our firewall in the Senate against benefit cuts, a significant battle is now brewing over the future of Social Security and Medicare. Already, some lawmakers are lining up behind dangerous proposals that would slash benefits, raise the retirement age, hike the eligibility age for Medicare and even means test Social Security benefits which would change the fundamental nature of this program.

In fact, Senator John Thune (South Dakota), a high-ranking Senate Republican, is now joining growing calls among the GOP to use the looming debt ceiling debate as an “opportunity” to slash funding for Social Security and Medicare. Of course, the presumed next Speaker of the House Kevin McCarthy was already plotting to use the debt ceiling as leverage to force through devastating cuts to seniors’ earned benefits.

As a reminder, if Congress fails to increase or suspend the debt limit (essentially if they refuse to uphold our government’s financial obligations) — and a default occurs — it's likely that payment of your Social Security benefits would be disrupted. And that would be disastrous for millions of older Americans who live benefit check to benefit check just to pay the bills!

That’s why we need you and our one million+ members and supporters — who carry enormous clout in Washington, DC — to be fully engaged in this fight to protect Social Security and Medicare. We must be prepared to challenge any bill or amendment that gets introduced in the new Congress that would reduce the benefits you earned in order to pay for other fiscal priorities, like deficit reduction and massive tax cuts for the wealthy and huge corporations.

 
 
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Good Bills
 

The National Committee endorses the “Safeguarding American Families and Expanding Social Security Act” (SAFE Social Security Act), S. 3070, which would 1) Increase benefits across the board by an average monthly benefit of $115 and provide a new minimum benefit; 2) Improve the Social Security Cost-of-Living Adjustment (COLA); 3) Provide caregiver credits; 4) Increase benefits by 5% for older seniors receiving benefits for 20 years; and 5) Eliminate the current wait period for disability insurance and surviving spousal benefits. This bill would also strengthen Social Security’s finances by requiring the wealthy to pay their fair share into the program.

 
 
 
Ask Web
 

Our resident Social Security expert, Webster Phillips — a Senior Policy Analyst for the National Committee and a 31-year veteran at the Social Security Administration — is here to answer your questions about Social Security.

You can either search our archives for valuable advice on a broad range of concerns or submit your question here.

This week's question is: Please advise if, after the death of a husband, the surviving wife is entitled to receive her deceased husband’s full benefit? This was a recent discussion we had today with others.

Click here to read the answer.

 
 
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Aging, Health and Care

Find useful resources on everything from caregiving and hearing care to long-term care and transportation.
 
 
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