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Does Joe Biden's Social Security Plan Include 23% Benefit Cuts?

TheMotleyFool

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Does Joe Biden's Social Security Plan Include 23% Benefit Cuts?: https://g.foolcdn.com/editorial/images/737436/joe-biden-official-wh-photo-by-adam-schultz.jpg

President Biden has been adamant in opposing cuts to Social Security benefits. He stated in the State of the Union address earlier this year that he wouldn't allow anyone to make cuts to the program: "Not today. Not tomorrow. Not ever."

But the members of the Republican Study Committee (RSC) have a different take. The RSC argues that its proposed 2024 budget "protects seniors from President Biden's 23 percent across-the-board cuts to Social Security."

Does Biden's Social Security plan really include 23% benefit cuts? Yes and no.

Source Fool.com

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