A budget by the Republican Study Committee, a group of more than 170 GOP lawmakers, highlights how many in the party would seek to govern if Republicans win in November.

A new budget by a large and influential group of House Republicans calls for raising the Social Security retirement age for future retirees and restructuring Medicare.

For Social Security, the budget endorses “modest adjustments to the retirement age for future retirees to account for increases in life expectancy.” It calls for lowering benefits for the highest-earning beneficiaries. And it emphasizes that those ideas are not designed to take effect immediately: “The RSC Budget does not cut or delay retirement benefits for any senior in or near retirement.”

Biden has blasted Republican proposals for the retirement programs, promising that he will not cut benefits and instead proposing in his recent White House budget to cover the future shortfall by raising taxes on upper earners.

  • BeautifulMind ♾️@lemmy.worldEnglish
    1·
    9 months ago

    “should we get rid of the cap so the rich pay a fair share or keep it and collectively pay for things by way of inflation?”

    The problem with the latter is honestly that inflation hurts the poor a lot more than it does the wealthy and if anything, gives the wealthy a lot more power. Power is really the issue here- when the rich have the ability to override democracy by spending money, that’s a big damned problem