How to avoid a Social Security cut? Lawmakers are floating ideas for what to do
- Democrat Dick Durbin and Republican Bill Cassidy are working to prevent a projected 22% cut in Social Security benefits starting in six years.
- Their proposal aims to extend Social Security's solvency for at least 50 years by establishing a process for Congress to take action.
- The bill would require the bipartisan Social Security Advisory Board to collect public input and draft legislation for Congress.
- AARP has expressed opposition to the bill, arguing it limits the types of amendments and sets arbitrary deadlines.
- Cassidy has also proposed a $1.5 trillion investment fund to help finance Social Security payments over the next 75 years.
With limited time left in their Senate careers, Democrat Dick Durbin and Republican Bill Cassidy are working to prevent a projected 22% cut in Social Security benefits starting in six years. Their proposal aims to extend Social Security's solvency for at least 50 years by establishing a process for Congress to take action.
The bill would require the bipartisan Social Security Advisory Board to collect public input and draft legislation for Congress. While the measure does not dictate a specific outcome, it sets the stage for potential solutions to be debated.
AARP has expressed opposition to the bill, arguing that it amounts to fast-tracking changes to Social Security through a process that limits amendments and imposes arbitrary deadlines. Cassidy has also proposed a separate investment fund that would be financed by the Treasury to support Social Security payments over the next 75 years.
如何避免社会保障削减？立法者提出应对方案
在他们的参议院任期所剩无几的情况下，民主党人迪克·达宾和共和党人比尔·卡西迪正在努力防止社会保障福利在六年后削减22%。他们的提案旨在通过建立国会采取行动的程序，延长社会保障的偿付能力至少50年。
该法案要求两党社会保障咨询委员会收集公众意见并为国会起草立法。虽然该措施并未规定具体结果，但为潜在解决方案的辩论奠定了基础。
美国退休人员协会对该法案表示反对，认为这相当于通过限制修正案和施加任意截止日期的程序快速推进对社会保障的变更。卡西迪还提出了一个单独的投资基金，该基金将由财政部融资，以支持未来75年内的社会保障支付。