During an hour-long meeting in the Oval Office, before they went to film a video together about student debt, Sen. Bernie Sanders pitched President Biden on his vision for hammering the Republican Party over one of the most potent issues in U.S. politics.
Biden has for weeks leaned into the simple message that he is determined to block GOP efforts to cut Social Security and Medicare for millions of seniors. Left unanswered in these attacks is what Biden, himself, wants to do to address the massive funding shortfalls facing the programs, which faceIn that Jan.
Additionally, some senior Democrats privately say the president has no reason to change course when his existing lines of attack have already proved so effective against the GOP. Biden has relentlessly pummeled Republican officials, visiting Florida earlier this month to blast Sen. Rick Scott for a plan to sunset all federal legislation within five years.
Medicare’s trust fund is projected to be exhausted by 2033, which would trigger reductions or delays to payments to doctors and hospitals under the federal insurance program relied on by more than 60 million people. Similarly, should lawmakers fail to act, Social Security benefits for a roughly equal numbers of American seniors will also be cut by 20 percent starting in 2032.
“You’re saying to someone making $150,000: You have to pay payroll tax on all your wages, but telling someone making $350,000: You have to pay payroll taxes on only the first $150,000 and the rest is exempt,” said Howard Gleckman, a policy expert at the Tax Policy Center, a nonpartisan think tank. “It does not make any policy sense.
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