AARP Opposes Fast-Track Social Security Reform Bill in Congress
A new bipartisan bill, the PROMISE Act, aims to break the congressional stalemate on overhauling Social Security by creating a fast-track process to ensure the program's solvency for at least 50 years. The Social Security trust fund for retirement benefits may run out in the fourth quarter of 2032, potentially triggering a 22% benefit cut. However, AARP, a major advocacy group for seniors, strongly opposes the bill. In a July 21 letter to Senators Durbin and Cassidy, AARP Chief Advocacy Officer Nancy LeaMond argued that the fast-track process sacrifices openness, deliberation, and accountability, and that an unelected advisory board would have too little time to craft a 50-year solvency plan. AARP prefers changes to go through regular congressional order with committee oversight and open debate. The bill would require a three-fifths Senate majority and a House majority to pass.
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