Wednesday, January 25, 2017
Trump's Pick for OMB Wants Cuts in Social Security Benefits
Rep. Mick Mulvaney, President Donald Trump’s pick to run the Office of Management and Budget, said on Tuesday during his confirmation hearing before the Senate Budget Committee that he would advocate for reducing spending on Social Security---that is cut Social Security benefits.
“I have to imagine that the president knew what he was getting when he asked me to fill this role,” Mulvaney told the Committee.
He also said he was in open to raising Social Security taxes via raising the cap on Social Security payroll taxes, as well as being open to cutting benefits via raising the retirement age to extend the program’s solvency.
However, he said he was in favor of raising military spending. He said he backed Trump’s plans to boost military spending.
Mulvaney said that his previous pledge to not raise taxes applied to his service in Congress, not his future job at OMB.
at 12:01:00 AM