The Democratic Party is vowing to expand Social Security benefits and willfight any attempt by Congressional Republicans or “Wall Street” toroll back the U.S. Department of Labor's fiduciary rule, accordingto a draft copy of the 2016 Democratic Party Platform.
The platform draft was crafted by a 15-member committee, andwill be finalized by the end of the week by the full platformcommittee, which is convening in Orlando, Florida on July8th and 9th. From there, it will be presented for ratificationat the Democratic National Convention in Philadelphia beginningJuly 25th.
“We will fight every effort to cut, privatize, or weaken SocialSecurity, including attempts to raise the retirement age or diminish benefits bycutting cost-of-living adjustments,” says the draft proposal. Asenior policy advisor from both former Secretary of State HilaryClinton and Sen. Bernie Sanders' presidential campaigns advised thedrafting committee.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
