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How to avoid a Social Security cut? Lawmakers are floating ideas for what to do
- Bipartisan duo Sen. Dick Durbin (D) and Sen. Bill Cassidy (R), both nearing the end of their Senate careers, are leading an urgent push to prevent a projected 22% Social Security cut due in about six years by creating a process to draft a 50-year solvency bill.
- Their plan would fast-track a draft from the bipartisan Social Security Advisory Board for congressional consideration — a move critics (including AARP) say limits debate and forces a politically risky vote that many lawmakers want to avoid.
- Competing fixes on the table range from Cassidy’s controversial $1.5 trillion investment fund (criticized as debt‑funded) to proposals to lift the payroll‑tax cap on high earners (backed by Warren, Sanders and others) to raise new revenue.
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