There’s a new proposal to save Social Security before $500 monthly cuts hit

Published on: 08/03/2026

This news was posted by Oregon Today News

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The Bipartisan Social Security Commission Act, led by Reps. Tom Cole, R-Oklahoma, and Tom Suozzi, D-New York, would establish an independent commission of lawmakers and outside experts to formulate a plan to solve Social Security’s insolvency.

There’s a new proposal designed to tackle the looming Social Security shortfall that could lead to benefit cuts of as much as $500 a month in just seven years.

News Source : https://www.oregonlive.com/nation/2026/08/theres-a-new-proposal-to-save-social-security-before-500-monthly-cuts-hit.html

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