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Just dropped · Trial Balloon · Ep. 194

What Just Happened?

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Trial Balloon · Ep. 194: What Just Happened?

Majority of House Republicans Backed Social Security Cuts

February 14, 2023 · 12:29 pm ET · Leave a Comment

“Last year the Republican Study Committee – a House caucus which includes about 75% of all House Republicans – released a proposed 2023 budget which included basically every kind of Social Security cut on offer,” TPM reports.

“The Blueprint to Save America proposed raising the eligibility age at first to 70 and then higher if and when life expectancy goes up; it proposed cutting (or in their words ‘modernizing’) the benefit formula for everyone currently 54 and under; means-testing Social Security benefits; including work requirements for some Social Security beneficiaries; and allowing people to divert payroll taxes into private investment accounts – aka “retirement freedom.”

Budget & Taxes

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Taegan Goddard

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Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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