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Policy Changes:
Current Political Landscape
Recent political developments have raised significant concerns about the future of Social Security and other entitlement programs. The creation of the Department of Government Efficiency (DOGE) committee, chaired by billionaire Elon Musk, has sparked alarm among advocates for seniors and beneficiaries. So far, trying to decipher what policies have changed and how they will affect recipients has been a nightmare. To address this issue, EPN will monitor these policy changes as they are actually implemented. Be sure to sign up for Policy Notifications below:
Policy Notification Sign up
Proposed Cuts and Their Impact
Republican budget proposals for 2025 include substantial cuts to mandatory spending programs:
$1.5 trillion in retirement and disability benefit cuts.
Increasing the full retirement age to 69.
Longer waiting periods for Social Security disability benefit decisions.
Closing Social Security Administration field offices and reducing hours at remaining offices.
These proposals threaten the financial security of millions of Americans who have paid into these programs. throughout their working lives.
Long-Term Consequences
The Committee for a Responsible Federal Budget forecasts that current tax and budget proposals could decrease the Social Security Trust Fund by $2.3 trillion over ten years, potentially leading to automatic cuts in Social Security benefits by 33% beginning in 2035.
Taking Action
It’s crucial for beneficiaries and concerned citizens to take action:
Join advocacy organizations like the Alliance for Retired Americans.
Contact your representatives in Congress.
Stay informed about policy changes and their potential impacts.
Support political candidates who prioritize protecting and strengthening Social Security.
Remember: These Are Your Earn Benefits
Social Security and related programs are not handouts. You earned these benefits and do not need to apologize for protecting them. In the case of retirement and disability benefits, you paid into the system throughout your working life. By joining together and making your voice heard, you are protecting your investment in this vital program for both current and future generations.