Stories tagged: "social security"
The debt ceiling is a numerical limit, set by Congress, on how much money the federal government can borrow to pay its bills. Increasing the debt ceiling is a routine congressional task, but Republicans want to hold it hostage to make cuts to Social Security and Medicare, even though failing to raise the limit would cause massive economic devastation.
Between Republicans’ economic agenda, spurious investigations, and threatened impeachments, the House is looking at a busy but unproductive year.
Republicans have said they want to extend the Trump tax cuts, which mostly benefited billionaires and corporations; cut spending on Social Security and Medicare; and repeal the Inflation Reduction Act, which lowered the cost of prescription drugs and raised taxes on corporations.
Top Republicans have made clear they plan to hold the global economy hostage to make cuts to Social Security and Medicare. Don’t believe us? Here are six separate times they’ve suggested—or outright said—they want to make cuts to Social Security and Medicare.
Florida Sen. Rick Scott introduced a plan that would raise taxes and could end Social Security and Medicare for more than 2.8 million Pennsylvanians and eliminate Medicaid coverage for 3.5 million residents.
At a Florida rally, Biden explains how his plan for Social Security will help seniors get more money in their checks each month.
Payroll taxes fund both the federal health insurance program and the federal retirement program.