G12

1. Medicare and social security are priorities. Obama proposed ideas for the budget pertaining to social security. He advocates for higher taxes on the wealthy, so to increase the budget for social security. He proposed to shift from a standard consumer price index to a chain consumer price index, which would raise income tax on those who could afford to pay more. It is important to Obama due to the baby boomers becoming older, which increases the need of financial support for the elderly.
2. Obama wants to shift from a standard consumer price index to a chain consumer price index. The chain CPI would basically raise the income tax on the wealthy. This would have a total savings of $230 billion over ten years. These savings would help expand social security.
3. They would strongly oppose raising taxes on the wealthy. Specifically Republicans would oppose Obama's plan, due to the fact that republicans generally advocate for a flat tax rate.