🔍The current law will result in a 24% benefit cut for current Social Security recipients.
🧩The proposed $4.5 trillion taxes will not be allocated to support Social Security.
📉Doubling the national debt can have a detrimental effect on the economy.
🚫The president has declined multiple requests to meet with a bipartisan group to address Social Security concerns.
💡The president's plan lacks concrete solutions to protect Social Security for current and future recipients.
Will the president's proposed taxes address the Social Security shortfall?
—No, the proposed $4.5 trillion taxes will not be allocated to support Social Security.
What will happen to current Social Security recipients if no action is taken?
—Under current law, there will be a 24% benefit cut for current Social Security recipients.
Has the president provided a detailed plan to protect Social Security?
—No, the president has not provided a detailed plan to protect Social Security.
Has the president shown a willingness to meet with bipartisan groups regarding Social Security?
—No, the president has declined multiple requests to meet with a bipartisan group discussing Social Security concerns.
What is the potential impact of doubling the national debt on the economy?
—Doubling the national debt can have a detrimental effect on the economy.
00:00Senator Corn yields the floor to Senator Bennett, followed by Senator Cassidy.
00:06Senator Cassidy brings up the issue of Social Security and questions the president's understanding of the potential 24% benefit cut for current recipients.
00:20Senator Cassidy highlights the fact that the proposed $4.5 trillion taxes will not be allocated to support Social Security.
01:01Senator Cassidy discusses the president's lack of response to bipartisan requests for a meeting regarding Social Security.
01:46Senator Cassidy raises concerns about the potential impact of doubling the national debt on the economy.
