Senate Democrats Reject Obama’s Social Security Cuts
Senate Democrats facing reelection next year are railing against Obama’s cuts on Social Security benefits, an austerity project negotiated between Obama and House Speaker John Boehner called “the grand bargain.”
Obama has defended the move, mainly involving a switch to chained CPI, which was made in exchange for new tax revenues.
In response, Senator Mark Begich of Alaska announced two bills that would eliminate the income cap for Social Security taxes and weigh the cost-of-living adjustment to account for items on which seniors spend the most money.
Progressive critics warned that the move was bad policy and politics, hurting Democratic candidates up for reelection who would be associated with cutting benefits. Many of those concerned are red-state Democrats, where one wrong move can mean the end of a career.
"It's only an association with our candidates if they agree with it," Guy Cecil, the head of the Democratic Senatorial Campaign Committee, countered. “When you agree with the president, you should say so; when you disagree with the president, you should say so.”
Obama’s proposal to change the way the cost-of-living adjustment is calculated is the least popular of entitlement reform proposal, The Huffington Post reported.