New Bill May Speed Up Social Security Cuts – Don’t Miss These Crucial Details

The Senate will vote on a plan to raise Social Security payouts for those who qualify for government pensions other than Social Security on Wednesday. With bipartisan support, the Social Security Fairness Act easily passed the House of Representatives and now awaits a final vote before becoming law.

Notwithstanding its bipartisan support, the Republican party appears to have very different views, with many senators opposing it when considering the bill’s high cost.

“I think most of our members were alarmed that something so big would come straight to the Senate floor,” said an anonymous senator who was aware of the behind-closed-doors conversations, because it had not been marked.

Opinions of the Senators

The lack of support is accompanied by other unpopular measures, such as the gradual increase in the retirement age to offset costs, which is being demanded by a group of Senate conservatives led by Sen. Rand Paul (R-Ky.).

Since their primary audience consists of seniors, many Republican lawmakers, including President-elect Trump are surprisingly hesitant to address retirement age.

However, if Senator Paul wants to prolong the debate, the bill may not pass and the Senate may postpone its consideration of a stopgap funding bill that must be approved by Friday at the latest in order to prevent a government shutdown.

John Thune (S.D.), Senate Republican Whip, noted the sharp division among the party but offered a less forceful opinion on the matter. Today, there was a lot of discussion about it. It will ultimately come down to the members making their own choices, in my opinion.

Naturally, I’m worried about Social Security’s long-term viability, and I believe it’s a problem that needs to be addressed,” he continued.

Sen. Mike Braun of Indiana, Deb Fischer of Nebraska, Pete Ricketts of Nebraska, Marsha Blackburn of Tennessee, Lisa Murkowski of Alaska, Markwayne Mullin of Oklahoma, John Boozman of Arkansas, Rick Scott of Florida, Jerry Moran of Kansas, John Kennedy of Louisiana, and vice president-elect JD Vance are among the Republican co-sponsors.