GOP senators: Social Security off table After a briefing from Senate leaders, several Republicans said they were in agreement that Social Security reform will not be part of the “fiscal cliff” deal being negotiated Sunday.
“Chained CPI won’t be a part of the deal,” Sen. Olympia Snowe (R-Maine) told reporters.
Democrats said earlier that Republicans had demanded a politically contentious reduction in Social Security benefits, known as chained CPI, in exchange for President Obama’s request to extend emergency unemployment benefits and cancel deep cuts to the Pentagon and other agency budgets. A Democratic aide close to the talks described the request as a “poison pill.”
|