I can’t believe this will be passed, especially retroactively. It is immoral to change rules at the end of the game. Just like SS, no one seriously suggests cutting current benefits, only future ones, so that people can plan accordingly.
Oh yes they will! The SSA says, by 2035, if nothing changes, SS payouts will be only at 75% of current value.
So if you are getting $1000.00 now, in 2035, you will be getting $750.00.