The President Offers to Cut Social Security and Republicans AgreeSubmitted by emalvini on Wed, 04/10/2013 - 11:48
The President Offers to Cut Social Security and Republicans Agree
Wednesday, 10 April 2013 10:30
By Robert Reich, Robert Reich's Blog | Op-Ed
John Boehner, Speaker of the House, revealed why it’s politically naive for the President to offer up cuts in Social Security in the hope of getting Republicans to close some tax loopholes for the rich. “If the President believes these modest entitlement savings are needed to help shore up these programs, there’s no reason they should be held hostage for more tax hikes,” Boehner said in a statement released Friday.
House Majority Leader Eric Cantor agreed. He said on CNBC he didn’t understand “why we just don’t see the White House come forward and do the things that we agree on” such as cutting Social Security, without additional tax increases.