Republicans introduce new idea for saving Social Security benefits

by Staff | April 18th, 2011

April 18, 2011

Three Republican senators have released a plan to save Social Security benefits without raising taxes.

They said it would be beneficial to raise the retirement age from 67 to 70 by 2031 and slowly reduce Social Security benefits for workers whose average lifetime income is $43,000 or higher, according to theweek.com.

They say it would keep the program solvent and cut public debt by $6.2 trillion by 2085.

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Do you think this is an effective plan to save Social Security benefits? What changes do you think need to be made?

If you need help getting the Social Security benefits you deserve to get your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

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