Fixing Social Security and Medicare: Where the Parties Stand
“Theatrics aside, both parties have detailed their ideas in legislative and campaign proposals. Most Democrats are unified behind proposals that would raise new taxes on the wealthy and expand benefits; Republicans are less united, but conservatives have outlined changes that would shrink benefits and reduce eligibility. Any changes enacted by Congress will affect current retirees and people getting close to retirement — but younger workers, too, since changes to these programs typically are phased in over many years.”