A group of Republican lawmakers has a proposal that would slash Social Security benefits for virtually everyone.
The plan, headed by House Ways and Means Social Security Subcommittee Chairman Sam Johnson and introduced on December 8, would destroy the basic structure of Social Security.
Social Security, a federal insurance system that offers financial assistance to people who are retired or unable to work, currently faces a challenging future. Funds are projected to start running out over the next 20 years, which means citizens could face across-the-board taxes to cover the costs if no other reforms are agreed upon in Congress.
- Truth Out