A presidential commission’s leaders proposed a $3.8 trillion deficit-cutting plan that would cut Social Security and Medicare, reduce income-tax rates and eliminate tax breaks including the mortgage-interest deduction. he co-chairmen of the panel appointed by Obama suggested reducing Social Security spending by raising the retirement age to 68 in about 2050 and 69 in about 2075. – Bloomberg
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!