Election 2024: Battle Lines Being Drawn on Social Security - usnews.com, Pew Research
Early candidates in the Republican primary race have indicated a wide disparity in their positions when it comes to Social Security. Specifically, former Vice President Mike Pence has gone on record calling for program reform, hinting at a change in the full retirement age and at least some degree of privatization for younger workers, while former President Donald Trump has called for there to be no changes to Social Security’s present structure. Meanwhile, former South Carolina Gov. Nikki Haley has suggested a change in the retirement age rules to better match life expectancy, and Florida Governor Ron DeSantis has also expressed disinterest in changing Social Security, despite facing an onslaught of ads recounting positions taken years ago that suggest otherwise.
As the 2024 Presidential Election cycle heats up over the coming months, it will be interesting to see additional senior benefit positions emerge among the spectrum of candidates. And while that unfolds, take note that the Biden Administration and some Democrats have expressed reservations about Speaker Kevin McCarthy’s formation of a “congressional commission that would look into broader deficit and debt reduction,” suggesting it could be a “glide path to reduce benefits.” An Associated Press article posted today on usnews.com provides further detail on the McCarthy initiative.
We’re early in the 2024 election cycle, but rest assured that the issue of Social Security and Medicare reform will shape up to be a benchmark issue on most–if not all–campaigns both Democrat and Republican. After all, the Pew Research Center reports, more than half of registered voters in the 2020 election cycle were age 50 and older, so it’s clear that this will be an area where close attention is paid.
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