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Showing Original Post only (View all)Republicans Call for Retirement Age Hike in Clash With Biden [View all]
Source: Bloomberg
The largest caucus of House Republicans called for an increase in the Social Security retirement age Wednesday, setting up a clash with President Joe Biden over spending on popular entitlement programs.
The Republican Study Committee, which comprises about 80% of House Republicans, called for the Social Security eligibility age to be tied to life expectancy in its fiscal 2025 budget proposal. It also suggests reducing benefits for top earners who arent near retirement, including a phase-out of auxiliary benefits for the highest earners.
The proposal sets the stage for an election-year fight with Biden, who accused Republicans of going after popular entitlement programs during his State of the Union address.
If anyone here tries to cut Social Security, Medicare, or raise the retirement age, I will stop you, Biden said in his March 7 address to Congress.
Read more: https://news.bgov.com/bloomberg-government-news/republicans-call-for-retirement-age-hike-in-clash-with-biden