Durbin Proposes Social Security Commission

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Sen. Dick Durbin (D-IL) Wednesday morning proposed a Social Security commission, patterned on President Obama’s 2010 deficit commission, to come up with a set of fixes to the program’s fiscal problems that Congress could approve, the Associated Press reported.  

Durbin wants the commission to make recommendations to make Social Security solvent for 75 years. The panel would be expected to consider increases in the payroll tax, a higher retirement age and a lower annual cost-of-living adjustment for beneficiaries.

 

“You would basically say to a commission, within a very limited time frame, to come up with a proposal for 75-year solvency of Social Security and then — and this is important — it would be referred to both chambers on an expedited procedure,” Durbin told reporters at a Washington breakfast sponsored by The Wall Street Journal…

 

Durbin’s proposed 18-member commission would contain an equal number of Republicans and Democrats but require 14 votes to send a plan to Congress. 

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