Washington, D.C. – In response to a report in The Hill that Sen. Charles Schumer (D-N.Y.) may be floating a proposal that includes cuts to Social Security and Medicare, Roger Hickey, co-director of the Campaign for America’s Future made the following statement:
“If Sen. Schumer’s proposal was accurately reported, the senator could not be more wrong. Just as President Obama declared in his inauguration speech that America does not have to cut Social Security or Medicare, Sen. Schumer reportedly offers up cuts to those crucial programs in vain hope of getting Republican support for tax increases. Just as Republican leaders have been forced to back away from threatening to crash the economy to force Democrats to accept cuts to Social Security and Medicare, Sen. Schumer capitulates to the hostage taking that Republicans appear to be abandoning.
“I hope the news reports are wrong because Sen. Schumer has previously been a strong opponent of cuts to Social Security. The Campaign for America’s Future reminds him and all Democrats that the chained CPI would mean an immediate cut to current Social Security benefits. These cuts are very unpopular with all Americans, and Democrats should be leading the fight to protect Social Security and Medicare, not helping Republicans accomplish their harmful goals.”
According to The Hill: “Schumer’s plan to enact tax reform through the budget process would ensure additional tax revenues would be matched by an equal amount in spending cuts.” And, “The joint budget resolution could also call for Medicare reforms and using the chained CPI formula to curb the cost of Social Security benefits.”