Durbin, Cassidy Push Social Security Rescue Bill Before 22% 2032 Cut
Updated
Updated · The Independent · Aug 26
Durbin, Cassidy Push Social Security Rescue Bill Before 22% 2032 Cut
3 articles · Updated · The Independent · Aug 26
Summary
A bipartisan bill from Dick Durbin and Bill Cassidy would force congressional consideration of a Social Security solvency plan before the retirement trust fund faces a projected 22% benefit cut in 2032.
The measure would have the Social Security Advisory Board gather public input and draft legislation to keep the fund solvent for at least 50 years, with final votes after up to 100 hours of debate.
Support has been scarce even though the bill sets only a process, not tax hikes or benefit cuts; Cassidy said lawmakers resist taking any tough Social Security vote.
AARP opposes the proposal as a fast-track that limits amendments, underscoring the political difficulty as retiring senators try to tee up choices for the next Congress and president.