Social Security Update: Republican Wants to End Required Worker Payments

Social Security Update: Republican Wants to End Required Worker Payments

Senator Tommy Tuberville, an Alabama Republican, on Thursday characterized Social Security as a “scam” and a “Ponzi scheme,” using a speech on the Senate floor to advocate for allowing Americans to retain and independently invest a greater share of their retirement savings. Tuberville, who is a member of the U.S. Senate Special Committee on Aging, … Read more

Social Security Update: Top Republican Warns of Double-Digit Benefit Cuts

Social Security Update: Top Republican Warns of Double-Digit Benefit Cuts

A senior Republican lawmaker is warning that millions of Americans could face automatic double-digit Social Security benefit cuts within the next several years unless Congress acts to fix the program’s finances. In a Senate floor speech Wednesday, Senate President Pro Tempore and Finance Committee member Chuck Grassley said the Social Security retirement trust fund is … Read more