Sen. Mitch McConnell of Kentucky, the minority leader, provided the first GOP counter-offer to President Obama’s push for higher taxes on the wealthy. McConnell said his party would like to increase the Medicare eligibility age and ask wealthier Americans to pay higher Medicare premiums. He also suggested paring back the cost-of-living increases given to Social Security beneficiaries ...And McConnelll is up for re-election in two years but he's more worried about re-nomination at the moment.
Dec 2, 2012
A Counter-Offer -- Reduce The COLA
From the Los Angeles Times: