Biden to discuss Social Security, Medicare shortages
GOP opposes tax increases

On Tuesday, Vice President Joe Biden will focus attention on Medicare and Social Security, two contentious subjects that might have an impact .

The Democratic Party's suggested remedies often include raising taxes on the wealthy while simultaneously pledging to provide benefits.

New Democratic initiatives to reduce the cost of prescription drugs have been accused by Republicans of putting an undue financial burden.

As part of a proposal to maintain Medicare and Social Security stable without increasing taxes, several Republicans have supported raising the qualifying age.

It is predicted that by 2035, the government would have exhausted its reserves and be unable to completely finance Social Security payments.

After 2028, the Medicare hospital inpatient trust fund will only have enough money to pay out 90% of promised benefits.


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