Sen. Rick Scott (R-Fla.) announced a new bill to preserve and protect Social Security and Medicare on Friday after President Joe Biden claimed that Republicans in Congress aim to reduce funding for these programs.
The proposed bill, named the Protect Our Seniors Act, would rescind funding from the Inflation Reduction Act for 87,000 new IRS agents and redirect it to the Medicare and Social Security Administration Trust Funds.
Additionally, it would create a Budget Point of Order that requires a two-thirds vote against any legislation that the Congressional Budget Office (CBO) determines would reduce or cut existing Medicare and Social Security benefits….