Rep. Kevin Brady (R-TX), House Ways and Means Committee Chairman, pontificated about plans to cut Social Security on Thursday, last week, at the Urban-Brookings Institution Tax Policy Center, Washington, DC. Brady wants to cut Social Security by not only raising the retirement age to 70, but also imposing means testing to cut benefits. He advocated “creating a true cost-of-living for seniors,” meaning using the chained-CPI cost-of-living adjustment formula to further reduce benefits. Chained CPI is lower than the CPI used to adjust everything else.
Brady’s only accomplishment, other than public office, was serving as an executive at the Rapid Cities (ND) Chamber of Commerce before he moved to Texas..
In addition to gutting Social Security he pushes for lower taxes, deficit reduction and
View original post 509 more words