Hillary wants to continue Obama's policies!
Obama cut Social security it will harm women and children the most!
As a consequence, this new section 831 of the budget bill, ironically called “Protecting Social Security Benefits,” will make retirement far more precarious for millions of low- and middle-income seniors.
The ability to collect a full divorced spousal benefit between full retirement age and age 70 has also afforded important insurance to Americans getting divorced. This too would be wiped out.
Another major concern is female work incentives for married or divorced women (whose marriages lasted at least a decade) who earn much less than their husbands or ex-husbands. By waiting until 70 to collect their own retirement benefits, they had a chance that their retirement benefit would exceed their spousal benefit, which would mean that extra contributions to Social Security would lead to higher benefits. If they are now, due to cash constraints, forced to take their retirement benefit at full retirement age and if their spousal benefit exceeds their retirement benefit, they will end up getting absolutely nothing in return for each and every penny of taxes they paid to Social Security over their entire working lives.
I’m also concerned about how this bill would affect income sharing and power plays in marriages. Take the case of a wife who earned very little, because she stayed home to raise children. Assume her husband is the same age. If her working husband refuses to take his retirement benefit before age 70 — because he doesn’t want to receive permanently lower benefits — the wife will have to wait until age 70 to collect her spousal benefit. That means she’ll receive no income in her own name from Social Security until she reaches age 70. Indeed, if this bill is passed, the people that are going to see their Social Security checks disappear in six months are primarily women.