In early June, Republican House Speaker Mike Johnson said the GOP has a “plan” to reform Social Security, Medicare, and Medicaid—but would not release the details until “next year,” after the 2026 midterms.
But a group of Senate Democrats argued in a letter to Republican leaders on Wednesday that “Americans deserve to have full transparency into Republican plans to attack earned benefits like Social Security.” The Democrats—led by Sens. Elizabeth Warren of Massachusetts, Ron Wyden of Oregon, and Chuck Schumer of New York—wrote that “it is time for Republicans to put their money where their mouth is” and “release the plan referenced by Speaker Johnson.”
The letter was released as the Senate Finance Committee convened a hearing titled “Exploring Process Approaches for Addressing Social Security Solvency,” where Wyden and other Democrats blasted proposals to raise the retirement age and cut Social Security benefits through unaccountable commissions.
“Every time Republicans get their hands on these sorts of ideas for Social Security, life gets worse for older people that count on it to get by,” said Wyden, the top Democrat on the Senate Finance Committee. “All we need to do is require billionaires, who have seen their wealth skyrocket to over $9 trillion this year while working people struggle with their grocery bills, to pay their fair share.”
According to Social Security’s Board of Trustees, the New Deal program’s Old-Age and Survivors Insurance Trust Fund will be unable to pay out full benefits by the end of 2032. Members of the Senate Democratic caucus, including Sen. Bernie Sanders (I-Vt.) and Sheldon Whitehouse (D-RI), have introduced legislation that would extend Social Security’s ability to pay full benefits for the next 75 years—but neither bill has garnered Republican support.
“We’ve got a plan. We’re not ashamed of our plan,” Whitehouse said during Wednesday’s hearing. “You actually make people who are making huge amounts of income pay the same Social Security taxes as everybody else, all the way up the rest of their income.”
“It’s just a question of political will,” the senator continued, “and of some people not wanting to own what they want to do to Social Security.”
In a radio interview earlier this year, Johnson (R-La) declared that Social Security, Medicare, and Medicaid must be “adjusted and fixed,” but did not offer any specific details or policy prescriptions.
“We have a plan to do that,” Johnson said, “next year.”
House Republicans have previously floated changes such as raising the full Social Security retirement age, which would cut benefits across the board.
In their Wednesday letter to Johnson and Senate Majority Leader John Thune (R-SD), Senate Democrats wrote that “it is critical that the American people understand where Republicans truly stand regarding our preeminent economic security program.”
“For decades, Republicans have attacked and undercut Social Security, aiming to cut benefits or privatize the program,” the Democratic lawmakers wrote. "A plan you will not show the voters before they vote is not reassurance. It is a warning and revealing of Republican priorities.”
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