Now that the elections are over, Democrats are suggesting a new willingness to address the need for Social Security reform. Max Baucus, D-Mont., incoming chairman of the Senate Finance Committee, announced plans to hold hearings on proposals to fix the program’s looming financial crisis.
“All options are on the table,” according to House Majority Leader Steny Hoyer, D-Md., including tax increases, benefit cuts and changes in the retirement age.
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