Tag Archives: Republican Study Committee

CBO: GOP Social Security Plan Would Cut Benefits by Thousands, Not Extend Solvency

“Their goal is to destroy our Social Security system,” one advocate for seniors said of Republican politicians.

By Jessica Corbett. Published 9-25-2024 by Common Dreams

Image: Public domain

Social Security defenders have long argued that former Republican U.S. President Donald Trump’s return to the Oval Office could spell disaster for seniors, and a nonpartisan government analysis released Wednesday bolsters their warnings.

U.S. House Budget Committee Ranking Member Brendan Boyle (D-Pa.) asked the Congressional Budget Office (CBO) to analyze the impact of raising the full retirement age (FRA) for Social Security from 67 to 69, as various Republican groups have proposed.

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Trustees Report Shows Social Security Expansion a ‘Question of Values, Not Affordability’

“The trust funds are strong because most Americans contribute to them with every paycheck,” said one advocate. “They could be even stronger if the wealthiest Americans paid their fair share.”

By Jake Johnson.  Published 3-31-2023 by Common Dreams

Rally at Minneapolis Social Security Office i August of 2012/ Photo: AFGE/flickr/CC

The board of trustees for Medicare and Social Security released a report Friday showing the programs’ trust funds will be able to cover all benefits and expenses until 2031 and 2034 respectively, findings welcomed by advocates as further confirmation that the key lifelines are strong and can be expanded.

Nancy Altman, president of the progressive advocacy group Social Security Works, argued in a statement that “the takeaway from this report is that whether to expand or cut Social Security’s modest but vital benefits is a question of values, not affordability.” Continue reading

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With Tax Scam Complete, GOP Caucus Unveils Insane Budget Blueprint to Attack Safety Net

Programs like Social Security and Medicare are gutted while tax cuts are made permanent in plan

By Andrea Germanos, staff writer for Common Dreams. Published 4-26-2018

Rep. Mark Walker (R-NC) is the chair of the Republican Study Committee, a far-right caucus for House Republicans.

An ultraconservative Republican House caucus on Wednesday put forth its spending plan that represents a draconian wishlist of attacks on the social safety net and consumer and environmental protections while including a plan to further enrich the wealthy by making making permanent parts of the GOP tax plan.

The budget blueprint from the Republican Study Committee (RSC)—and titled A Framework of Unified Conservatism—says it “would take unprecedented steps to begin the deconstruction of the administrative state” and would cut $12.4 trillion over the next decade from federal spending. Continue reading

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