{"id":543568,"date":"2023-01-25T14:00:00","date_gmt":"2023-01-25T11:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/senators-eye-social-security-reforms-as-some-in-house-gop-consider-cuts\/"},"modified":"2023-01-25T14:00:00","modified_gmt":"2023-01-25T11:00:00","slug":"senators-eye-social-security-reforms-as-some-in-house-gop-consider-cuts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/senators-eye-social-security-reforms-as-some-in-house-gop-consider-cuts\/","title":{"rendered":"#Senators eye Social Security reforms as some in House GOP consider cuts\u00a0"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2933c41ab90\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2933c41ab90\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/senators-eye-social-security-reforms-as-some-in-house-gop-consider-cuts\/#Senators_eye_Social_Security_reforms_as_some_in_House_GOP_consider_cuts\" >Senators eye Social Security reforms as some in House GOP consider cuts\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Senators_eye_Social_Security_reforms_as_some_in_House_GOP_consider_cuts\"><\/span>Senators eye Social Security reforms as some in House GOP consider cuts\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2022\/10\/cassidybill_092722gn_w.jpg?w=900\" \/><\/p>\n<div>\n<p>Some senators are eyeing a divided Congress as an opportunity to tackle reforms to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security, as the program faces significant solvency issues in little more than a decade.\u00a0<\/p>\n<p>Changes to Social Security are a perpetually heavy lift for Congress, but they\u2019ve gained traction as some House Republicans float cuts to it as part of debt ceiling negotiations.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>\u201cA wise senator said that whenever you see reforms shore up those kinds of programs, it usually takes a divided Congress,\u201d Sen. Dan Sullivan (R-Alaska) told The Hill this week.\u00a0<\/p>\n<p>\u201cSo, maybe that historically bodes well for something that would make sure that Americans have a secure retirement system,\u201d he added.\u00a0<\/p>\n<p>Senate Republicans are <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly leaving debt ceiling negotiations to the GOP-controlled House.\u00a0<\/p>\n<p>But separately, there has been growing chatter from both parties in the upper chamber about potential ways to help protect Social Security, which some estimates say is on track to becoming insolvent in about 12 years.\u00a0<\/p>\n<p>Reports surfaced last week that Sens. Bill Cassidy (R-La.) and Angus King (I-Maine) are working toward a bipartisan compromise to help protect the program, unrelated to debt ceiling negotiations. Semafor, which broke the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, reported the effort could lead to an investment fund specifically to help shore up Social Security.\u00a0<\/p>\n<p>The senators\u2019 offices confirmed to The Hill last week that both Cassidy and King \u201chave been working on a legislative solution,\u201d but said the \u201cplan is not finalized.\u201d \u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Sen. Cynthia Lummis (R-Wyo.) told The Hill on Monday that she plans to meet with Cassidy later this week about a proposal, when asked about the prospects of a bipartisan compromise to protect the program.\u00a0<\/p>\n<p>\u201cHe\u2019s got a proposal, and I don\u2019t know how many senators he has vetted his proposal, but I\u2019m anxious to learn about it,\u201d she told The Hill, adding she thinks \u201che\u2019s making the rounds.\u201d\u00a0<\/p>\n<p>On the other side of the aisle, Sen. Joe Manchin (D-W.Va.), a key centrist, recently suggested raising the taxable wage cap for the program. \u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>\u201cIf you want to have a quick fix, you have enough cash so people can continue to get the benefits that they\u2019ve earned and worked for, the easiest ways to raise the cap,\u201d he told The Hill, though he wouldn\u2019t say whether the idea would be able to pass in the divided Congress. \u00a0<\/p>\n<p>The proposals in the Senate come as House lawmakers and the White House spar over whether to include Social Security and other entitlement programs like Medicare in negotiations over raising the debt limit.\u00a0<\/p>\n<p>Treasury Secretary Janet Yellen notified congressional leaders last week that her office will begin to implement \u201cextraordinary measures\u201d to keep the U.S. government from defaulting on its debt, which recently surpassed the roughly $31.4 trillion threshold set by Congress more than a year ago.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>Yellen said the steps should buy Congress until early June to hash out a bipartisan plan, setting off a high-stakes battle in Washington.\u00a0<\/p>\n<p>Raising the debt limit would allow the government to pay for programs it has already <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved, not authorize any new spending. But House Republicans have pressed for any action on the debt ceiling to be paired with significant fiscal reform, but the party is still working out its strategy mapping out demands for the months ahead. \u00a0\u00a0<\/p>\n<p>There are divisions over whether those reforms should include entitlement programs, which eat up large chunks of federal spending \u2014 federal data showed Social Security alone accounted for about 20 percent of government spending in fiscal 2022, while Medicare made up 12 percent.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\"><\/aside>\n<p>Democrats, by contrast, have instead insisted on a clean bill to address the debt ceiling, while demanding Republicans provide specifics about the areas they want to cut. \u00a0<\/p>\n<p>\u201cIf Republicans are talking about draconian cuts, they have an obligation to show Americans what those cuts are and let the public react. \u2026 Does that mean cuts to Social Security or Medicare or child care or Pell Grants?\u201d Senate Majority Leader Charles Schumer (D-N.Y.) said from the Senate floor on Monday.\u00a0<\/p>\n<p>But despite some support in the Senate for taking on entitlement funding reforms sooner rather than later, there is doubt among lawmakers and experts of the chances of Congress being able to move legislation to help protect either Social Security or Medicare in the current session. \u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\"><\/aside>\n<p>Sen. Marco Rubio (R-Fla.) said \u201cideally\u201d reforms for the programs would be on the table for debt limit talks, but added the debt ceiling \u201chas proved to be very poor leverage for those kinds of fights, primarily because there\u2019s very little interest in defaulting on debt.\u201d\u00a0<\/p>\n<p>Senate Majority Whip Dick Durbin (D-Ill.) also cast doubt on the likelihood of Congress reaching a bipartisan compromise, sizing up some hopes from lawmakers as \u201cwhistling past the graveyard.\u201d\u00a0<\/p>\n<p>\u201cI was on the Simpson-Bowles commission,\u201d he said. \u201cWe spent a year laboring to put together a bipartisan bill and the Republicans walked out at the end of it. So, I\u2019m not very encouraged.\u201d\u00a0<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/policy\/finance\/3829067-senators-eye-social-security-reforms-as-some-in-house-gop-consider-cuts\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senators eye Social Security reforms as some in House GOP consider cuts\u00a0 Some senators are eyeing a divided Congress as an opportunity to tackle reforms to Social Security, as the program faces significant solvency issues in little more than a decade.\u00a0 Changes to Social Security are a perpetually heavy lift for Congress, but they\u2019ve gained&#8230;<\/p>\n","protected":false},"author":1,"featured_media":543569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2022\/10\/cassidybill_092722gn_w.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[81188,96637,136417,136115,117218,70610,80445,90482,133498,124783,89017],"class_list":["post-543568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-janet-yellen","tag-bill-cassidy","tag-cynthia-lummis","tag-dan-sullivan","tag-dick-durbin","tag-finance","tag-healthcare","tag-house","tag-in-the-know","tag-international","tag-joe-manchin"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=543568"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543569"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}