The chair of the Ways and Means Committee, House representative Sam Johnson, introduced legislation to significantly cut Social Security. Johnson, who is also the chair of the Social Security committee, introduced a bill that would slash benefits, adds means testing and raise the retirement age from 67 to 69.
For most workers, the bill would cut Social Security benefits substantially; the Social Security’s Office of the Actuary calculated workers making around $50,000 would see checks shrink by between 11% and 35%.
http://finance.yahoo.com/news/gop-introduces-plan-to-massively-cut-social-security-222200857.html
No comments:
Post a Comment