The Trump Social Security Administration Commissioner says raising the retirement eligibility age for Social Security recipients is being considered by the administration. Democratic lawmakers responded defiantly.
“I think everything’s being considered, will be, will be considered,” Commissioner Frank Bisignano told Fox Business on Friday when asked.
Bisignano insisted that the White House “is completely committed to protect and preserve” Social Security, but that “the generations that are coming in will probably have a different set of rules than we had.”
Frank Bisignano is a former CEO of a U.S. multinational financial technology company, and appeared on a list of the highest-paid CEOs in the country, according to the AFL-CIO.
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During the 2024 presidential campaign, Donald Trump vowed, “I will not cut one penny from Social Security or Medicare and I will not raise the retirement age by one day. Not for one day.”
Critics blasted the development.
“Republicans gave away trillions In tax cuts for the wealthy. Now they are asking Americans to work longer. We won’t stand for it,” wrote U.S. Senator Ed Markey (D-MA).
“Trump’s cronies let the cat out of the bag. They’re ready to raise the retirement age. NOT ON MY WATCH! They want to cut your benefits and hand them over to Wall Street. We’re in a fight to save Social Security, and I’m not backing down. That’s a promise,” declared U.S. Rep. John Larson (D-CT).
Warren Gunnels, Minority Staff Director for the Senate’s Health, Education, Labor and Pensions (HELP) Committee Ranking Member, Bernie Sanders (I-VT), wrote: “If Bernie’s Social Security bill was signed into law, Social Security would be solvent for the next 75 years, benefits would go up by $2,400 & the bottom 91% of Americans would not pay a penny more in taxes. Instead, Republicans want you to work until you drop dead.”
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Former Secretary of Labor, Professor Robert Reich, added: “A worker making $50,000 a year contributes to Social Security on 100% of their income. A CEO making $20 million a year contributes to Social Security on less than 1% of their income. Instead of raising the retirement age, we should scrap the Social Security tax cap.”
The Social Security tax cap, the amount that is subject to the Social Security tax, is $176,100.
According to Data for Progress, a progressive policy and polling organization, more Americans support lowering the Social Security retirement age than raising it or keeping it the same.
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