From the Alliance for Retired Americans —
Reps. Tom Cole (R-OK) and John Delaney (D-MD) will introduce a bill this Congress to establish a commission that will propose changes to Social Security. These changes will likely include cuts to the program: raising the retirement age, reducing benefits for some individuals, using the chained CPI, and introducing means testing for beneficiaries. A similar commission proposed last year did not make it out of committee – but many in the Capitol believe that this year’s bill has a higher likelihood of passage due to the recent changes in House rules requiring long-term alterations to the Social Security program. Cole is Chairman of the House Appropriations Committee.
“We’re interested in finding real solutions to keep Social Security strong, but cutting earned benefits for hardworking Americans is not the answer,” said Richard Fiesta, Executive Director of the Alliance.