Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Republicans Are Coming For Your Social Security
Posted
December 14, 2016
Views
110,997
Likes
2,692
Comments
827
Engagement
3.17%
December 14, 2016
110,997
2,692
827
3.17%
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5:31Now PlayingThey’re coming for Social Security. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
“WASHINGTON ― President-elect Donald Trump distinguished himself on the campaign trail as the rare Republican candidate promising not to cut Social Security and Medicare.
But Republicans in Congress have other plans for the two popular social insurance programs ― and they are wasting no time rolling them out.
Rep. Sam Johnson (R-Texas), chairman of the House Ways and Means Committee’s Subcommittee on Social Security, released a plan Thursday to reform Social Security that would drastically reduce benefits. The bill would make the program less of a universal earned benefit and more of a means-tested safety net that aims only to provide basic support to the poorest retirees and disabled workers.
In order to close Social Security’s long-term funding gap, Johnson would make Social Security’s benefit formula less generous for all but the lowest earners, rapidly raise the retirement age and reduce the annual cost-of-living adjustment, among other changes designed to save money.”
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