WASHINGTON — The largest bloc of House conservatives offered up a fiscal blueprint Wednesday that promises to balance the federal budget in seven years, make GOP tax cuts permanent and slash domestic spending.
The plan offered by the 175-member Republican Study Committee would gradually raise the age at which future retirees can start claiming full Social Security benefits from 67 to 69, a politically fraught proposal that’s all but certain to appear in Democratic campaign ads.
The document also proposes a “premium support” plan that would subsidize private insurance options that compete with traditional Medicare. That would be similar to budget plans proposed by Rep. Paul D. Ryan, R-Wis., during his tenure in Congress that were panned by Democrats and some Republicans, including former President Donald Trump.
