President Joe Biden Disagrees With Republicans Raising Retirement Age Plans

The President of the United States of America attacked Republicans for raising the retirement age to 70 years old. Biden said it can affect the benefits of it people.

President Joe Biden Disagrees With Republicans Raising Retirement Age Plans(Photo: ABC News)

Biden Attacks Republicans for Raising Retirement Age Plans

President Joe Biden attacked Republicans for raising the retirement age plans and cutting two entitlement programs. The president claims that it can affect and benefits its people. Also, the White House did not agree on cutting two programs and raising the retirement age plan to 70 years old. 

Joe Biden states in his State of the Union address, that happens previously that Republicans want to cut Social Security and Medicare. Fourth, Biden also proposed the same proposal sunsetting the two entitlement programs. He then proposed the raising of retirement age plan but the White House did not support forth.

Biden attacked Republicans, over the same proposal he was then introduced in 1975. The bill was introduced with 87-1 votes but then failed to accumulate in the White House. 

READ ALSO: Biden’s Proposal For Transgender Athletes Prohibits Schools From Outright Banning Them

Raising the Retirement Plan to 70 and What Are the Effects

Retirement plan program helps people to sustain their life when they retire from their job. It could be an investing plan and financial backups for them to able to sustain. It allows them to grow their money with some tax advantages.

If it is raised at age 70, it could be a big problem for people. They can tend to die before receiving their retirement fees. Also, people possibly will work until they turned 70. Based on the study, people age mid 50 up tends to start receiving illnesses and diseases.  

READ ALSO: Life Expectancy Knowledge Of 53% Of U.S. Adults Risk Retirement Plans, Report Says