Yesterday, the conservative House Republican Study Committee released its latest budget plan. To the RSC’s credit – and, honestly, to my own surprise – the RSC took on the dangerous issue of reforming Social Security, standing up not only to Democrats looking to demagogue the issue but to former President Trump’s efforts to duck the issue. The RSC’s proposals “include modest and delayed changes to the Primary Insurance Amount PIA) benefit formula, the retirement age, auxiliary benefits for high income earners, and gradually moving towards a flat benefit.” If you don’t want the biggest tax increase in history, those are the sorts of things you have to do. So two cheers for the RSC.
Why not a third cheer? Because the RSC is going to take a lot of grief from both Trump and Congressional Democrats for a proposal that seemingly fixes just a fraction of Social Security’s $20 trillion-plus long-term funding gap, without the plusses of a comprehensive plan to make Social Security work better for Americans. In for a penny, I’d argue, in for a pound.
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