Retirement
from24/7 Wall St.
12 hours agoNew Social Security Proposal Deals Higher Earners a Harsh Blow
Capping Social Security benefits for higher earners is proposed to address funding shortfalls, but its likelihood of passing is low.
"I think this is a worthwhile investment in the future so that we are protecting the workforce and people can live with the dignity they deserve" when they retire, said state Sen. Jessica Ramos, a Queens Democrat.
They stood up for that. I can't believe. I can't believe it. Did Nancy Pelosi stand up, if she was here? Doubt it. Pass the Stop Insider Trading Act without delay. Trump said on Tuesday, using the moment of Democratic applause to pivot toward criticism of Pelosi's family stock trading portfolio.
The GOP's proposals aim to reduce federal spending by impacting retirement benefits for federal employees, while simultaneously seeking to extend tax cuts for the wealthy.