The 2024 race considers cutting social security and raising retirement age


Florida Governor Ron DeSantis voted to raise the retirement age to 70 while in office. These votes are under increasing scrutiny as the 2024 election approaches. (AP Photo/John Law)

The looming shortage of social security has sparked intense political debate in the 2024 White House election, sparking anxiety among baby boomer voters heading into retirement.

Against the backdrop of riots over plans to raise the retirement age in France, the U.S. has been forced to cut benefits significantly as attention is focused on when the benefits will end. Some experts predict that it could happen as early as 2034.

For older voters, nothing scares them more than messing with Social Security, and presidential candidates will soon find it out again. , or receiving disability benefits.

In France, President Emmanuel Macron’s proposal to raise the country’s retirement age from 62 to 64 has sparked protests and unrest among French citizens.

Nearly three in 10 voters believe a 67-year-old retirement age is too high, according to a Newsweek poll, and three out of four voters would raise the retirement age to 70, according to an AP-NORC poll. It turns out that I am against cutting social security benefits.

But something must be done to prevent the system from collapsing. One alternative plan is to raise taxes on high earners, but it may also be unpopular.

The debate over Social Security is already at stake in the Republican presidential race, with candidate Nikki Haley proposing to raise the retirement age for Americans now in their 20s and limit benefits to wealthy Americans. I’m here.

“It’s new people coming in, people in their 20s coming in,” Haley said in March. will be done in a completely different way.”

But Haley was also quick to say she doesn’t support cutting benefits for the elderly.

Haley’s plans have already come under attack from Democrats and President Biden, who in his State of the Union address dared Republicans to cut Social Security and Medicare, saying, “I will stop them. increase.”

Former President Trump has also said he will not mention Social Security benefits. Former Vice President Mike Pence said the benefits of eligibility should be considered in the future. But House Speaker Kevin McCarthy said a cut in benefits was “out of consideration.”

Florida Gov. Ron DeSantis voted to raise the retirement age to 70 and privatize Social Security while in Congress, and Trump launched an attack around those votes this week.

“President Trump has made it clear that he will always stand by the American people and protect the benefits that senior citizens will work and pay for throughout their lives,” said Stephen Chang, a spokesman for President Trump.

Since then, DeSantis has distanced himself from those votes, though he may remain vulnerable to the issue next year. He finds out why Social Security is called the third rail of politics.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *