How to avoid a Social Security cut? Lawmakers float plans to protect benefits
Durbin is working with Bill Cassidy on a process intended to bring Congress a plan for Social Security solvency.
SOURCE CHECK
TAP FOR WHYCredibility rates FOX 29 Philadelphia, which republished this story. The other scores rate the article itself.
FOX 29 Philadelphia is an established regional news outlet, supporting a solid institutional score. The page identifies an author, but the supplied information does not establish its corrections record or provide a publisher-specific track record rating.
- Source type — Regional television news outlet with an established local-news presence.
- Author attribution — The article names Chris Williams as its author.
- Transparency — The supplied page information identifies the publisher and publication date, but offers limited detail about reporting methods.
- Track record — No publisher credibility rating or corrections-history information is provided.
The article gives concrete details about several proposed approaches and attributes projections and criticism to named sources. It offers some competing perspectives, though it does not provide extensive analysis of the proposals or a broad range of responses from affected groups.
HOW WE SCORE ↗The article describes multiple policy approaches and includes a prominent critique of Cassidy's investment proposal. It gives limited space to the arguments against the payroll-tax proposals and does not present a full range of affected-party or expert perspectives.
- Counterarguments presented — The investment-fund plan's debt and risk concerns are included, but counterarguments to other proposals are limited.
- Source diversity — Includes statements and proposals from lawmakers and comments or estimates from two outside organizations.
- Omitted context — Provides little detailed comparison of the trade-offs or feasibility of the various plans.
- Loaded language — The most pointed characterization is directly attributed to the Committee for a Responsible Federal Budget.
The article reports several proposals and includes both a favorable rationale for addressing benefit solvency and criticism of one financing plan. Its language is largely descriptive rather than aligned with a discernible political perspective.
- Language tone — Mostly neutral explanatory language, with criticism attributed to the Committee for a Responsible Federal Budget.
- Source selection — Includes lawmakers' proposals, a named outside critic, and a foundation's estimate.
- Framing — Presents several approaches to Social Security solvency rather than endorsing one.
Republished
Republished from Livenowfox. The relationship between the two publishers has not been determined.
Not rated.
Senators Richard Durbin and Bill Cassidy are advancing a process for Congress to address Social Security’s projected benefit cuts, while lawmakers are also proposing investment and payroll-tax changes. The article describes competing approaches and notes criticism of Cassidy’s investment-fund plan.
Richard Durbin and Bill Cassidy are pushing a measure that would have the Social Security Advisory Board gather public input and submit draft legislation intended to keep the retirement trust fund solvent for at least 50 years. Congress could consider the proposal after committee review and debate. Cassidy is also working with Tim Kaine on a separate proposal for a $1.5 trillion investment fund; Cassidy projects it could cover about two-thirds of projected borrowing, while the Committee for a Responsible Federal Budget calls it a risky, debt-funded gamble.
Other proposals described include lifting or changing the Social Security payroll-tax cap. Elizabeth Warren and Bernie Moreno support lifting it, while Sheldon Whitehouse and Brendan Boyle have proposed applying the tax to income above $400,000. Bernie Sanders and Val Hoyle are leading a proposal to tax earnings above $250,000, including investment income, and expand benefits.
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SWIPE →Co-sponsor of a process for Congress to address Social Security solvency.
Co-sponsor of a congressional process proposal and promoter of a separate investment-fund approach.
Cassidy's version of this story ↗
Leader of a proposal with Sanders to tax higher earnings and investment income while expanding Social Security benefits.
Supports lifting the cap on Social Security payroll taxes.
Leader of a proposal to tax higher earnings and investment income while expanding Social Security benefits.
Co-sponsor of a proposal to apply Social Security payroll taxes to income above $400,000.
Co-sponsor of a proposal to apply Social Security payroll taxes to income above $400,000.
Co-author with Cassidy of a proposal for a Social Security investment fund.
Supports lifting the cap on Social Security payroll taxes.
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