House GOP budget plan would raise Social Security retirement age, ban abortion
A group of more than 170 U.S.
The budget plan was released Wednesday by the Republican Study Committee, whose members comprise more than three-quarters of the House Republican caucus, many of whom are allies of former President
Iowa
The proposal came two days before
Hinson, Nunn and Rep.
Retirement age increase in
On
Advocates of raising the
The plan also calls for "modest and delayed changes" to the Primary Insurance Amount (PIA) benefit formula. It would also limit and "phase out" auxiliary benefits for high-income earners, but does not specify what that threshold would be, and gradually move toward "a flat benefit."
Hinson, speaking to reporters Friday, said she does not support cuts of any kind to
"I will always support
Given the nation's rising debt and with insolvency approaching,
"These common-sense, incremental reforms will simply buy
Medicare is projected to become insolvent in 2028, and
"Unlike the Biden budget, which does nothing to prevent these cuts, the RSC Budget would phase in common-sense, bipartisan reforms that have been narrowly tailored to affect no senior in or near retirement," according to the RSC.
What else is in the
The new budget also calls for converting Medicare to a "premium support model," a proposal pushed by the Republican former House Speaker
Under the RSC proposal, seniors would receive subsidies they could use on private plans that would compete against traditional Medicare benefits.
The size of the subsidies could be pegged to the "average premium" or "second lowest price" in a particular market, according to the RSC proposal.
There is broad agreement the programs cannot continue as they are without raising taxes, reducing spending on benefits or transferring money from the general fund to cover the projected shortfall.
The RSC budget proposal rejects the first two options.
"Raising taxes on people will further punish them and burden the broader economy — something that the spend and print regime has proven to be disastrous and regressive," the budget says, adding that the committee also opposes "a multi-trillion-dollar general fund transfer that worsens our fiscal situation."
More than 600,000 Iowans rely on
President
The RSC budget also proposes making Trump's 2017 tax cuts for individuals permanent.
It calls for the elimination of the Community Eligibility Provision from the National School Lunch Program, which helps ensure that millions of children have access to food throughout their school day, and proposes to cut total federal Medicaid,
"Facing such drastic reductions in federal Medicaid funding, states will have no choice but to institute truly draconian cuts to eligibility, benefits and provider reimbursement rates," according to
"That would likely drive tens of millions into the ranks of the uninsured and severely reduce access to health care and long-term services and supports needed by low-income children, families, seniors, people with disabilities and other adults," Park wrote of the RSC budget plan.
"Moreover, because Medicaid is the largest source of federal funding for states, block granting Medicaid would also likely lead to deep budget cuts to other state spending like for K-12 education."
Hinson spokesperson
Proposed bill could threaten IVF
Apart from fiscal policy, the RSC budget plan also endorses a series of bills "designed to advance the cause of life," including a national abortion ban and the Life at Conception Act, which would establish legal protections for human beings at "the moment of fertilization."
The Life at Conception Act endorsed by the Republican Study Committee has become a flashpoint in the wake of
Hinson said she strongly supports IVF.
"I am pro-life and will always embrace policies that save as many lives as possible," she said. "That includes IVF, which has helped so many women struggling with fertility to become moms. I strongly support access to IVF for women."
Biden calls budget plan 'extreme'
Although the proposals laid out in the budget released Wednesday are unlikely to become law this year, they serve as a preview for how
Biden called the RSC's budget plan "extreme" in a statement issued Thursday.
"My budget represents a different future," the president said. "… A future where we restore the right to choose and protect other freedoms, not take them away. A future where the middle class finally has a fair shot, and we protect
"
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