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Fact check on raising the retirment age
Andre Byik writes in USA Today that Donald Trump’s Facebook ad (Feb 16-24) is FALSE on Nikki Haley’s plan to raise the retirement age. The key line from the narrator at issue is this: “Haley’s plan cuts Social Security benefits for 82% of Americans. Trump will never let that happen.” The ad distorts Haley’s comments. She spoke about raising the retirement age for workers now in their 20s, not for people nearing or in retirement. There is zero evidence her plan would cut benefits for 82% of Americans. Full explanation in the article here.
As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens (AMAC, Inc.) believes Social Security must be preserved and modernized. This can be achieved without tax increases by slight modifications to cost of living adjustments and payments to high income beneficiaries plus gradually increasing the full (but not early) retirement age. AMAC Action, AMAC’s advocacy arm, supports an increase in the threshold where benefits are taxed and then indexing for inflation, and calls for eliminating the reduction in people’s benefits for those choosing to work before full retirement age. AMAC is resolute in its mission that Social Security be preserved for current and successive generations and has gotten the attention of lawmakers in D.C., meeting with many congressional offices and staff over the past decade.