Sen. Bill Cassidy (R-La.), who lost Louisiana’s GOP primary last month, is making a final push for a $1.5 trillion Social Security reform proposal as the retirement trust fund moves closer to projected depletion in 2032.In a CNBC interview published on Tuesday, Cassidy said the plan would create a separate investment fund to invest in equities and help cover Social Security’s long-term liabilities. Cassidy also renewed his push in a post on X late Tuesday, warning that delays would lead to higher taxes and deeper benefit cuts for retirees."The longer Congress does nothing, the larger the tax increase workers will face and the deeper the benefit reductions retirees will endure," Cassidy wrote."I have a plan to save Social Security. Congress cannot wait any longer. Let’s get it done."
Bill Cassidy Pushes $1.5 Trillion Social Security Fix Before Senate Exit, Warns Of Higher Taxes And Benef
Bill Cassidy proposes a $1.5 trillion plan to address Social Security’s looming 2032 funding shortfall.
128 words~1 min read
