GOP Social Security Changes
Here’s what some are saying…
With Republicans predicted to win the midterms, a number of Democrats and media sources are now claiming that the Republican party will target social security benefits that many retirees depend on.
At the moment, top Republican leaders such as Senator Rick Scott and others have promised Americans that the Republican party has no plans to make any drastic changes social security and retirement benefits however some media sources are saying otherwise.
Investors Business Daily is claiming that the GOP highlighted in their Blueprint To Save America that they want to change the full retirement age (FRA) from 67 to 70 or even later for Americans born after Jan. 2, 1961.
These claims still are being hotly debated just before the midterm elections. While Senator Rick Scott has assured the American people that the GOP will not touch social security benefits others such as Bill Clinton are warning that they will.
The Republican Study Committee (RSC) has justified proposed changes to Social Security benefits by saying, “The RSC budget would make no changes to benefits for current retirees. Instead, it would make modest changes to the benefit formula for those 54 and younger who reach early retirement in FY 2030.”
Only time will tell what the Republican party plans on doing to Social Security. However it appears that they don’t want to make any changes to the benefits of Americans who are 55 and older.
