(ConservativeHub.com) – A bipartisan group of senators is discussing the options and changes that might need to be made in order for Social Security’s solvency to be extended. So far, the senators participating in the discussions have been careful about not revealing any details, despite discussions floating around about potential changes including changing the age threshold and raising the taxable wage cap.
According to The Hill, Sen. Tim Kaine (D-VA.) has stated that so far that the ideas they are discussing are “the ones you would expect.” He said though that there are also ideas that had never been discussed before but that have a positive track record. He added that this is what he considered interesting.
While the exact number of senators that are taking part in these discussions has not been released, Sen. John Cornyn (R-Texas) has said that there are around five or six senators who have been regularly taking part in discussions, including Sens. Angus King (I-ME), Bill Cassidy (R-LA) and Mitt Romney (R-UT). King and Cassidy also released a joint statement on March 3, explaining that Social Security is on its way to becoming insolvent and they are working to protect it. They assured the public that there are “dozens of considerations” being taken into account.
These discussions are happening at the same time when House Republicans are negotiating potential spending cuts in order to agree to an increase in the debt ceiling. However, the Biden administration has maintained that the debt ceiling should not be accompanied by any cuts and that discussions about the budget should be separate from the debt ceiling talks. Democrats and the Biden administration have also been critical of some Republicans, accusing them of targeting programs like Social Security and Medicare in the past.
Senate Republicans, however, have disagreed with these claims.
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