MANCHESTER, N.H. – New Jersey Gov. Chris Christie is proposing an income cap on Social Security benefits as part of major restructuring plan announced ahead of a likely presidential bid.
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The Republican is set to deliver a speech Tuesday in New Hampshire outlining his ideas on reforming Social Security, Medicare and Medicaid and other so-called "entitlement" programs.
Christie will propose phasing out Social Security payments for those making more than $80,000 in other income, and eliminating them for those making $200,000 or more a year.
Christie's political action committee released excerpts before the speech. It's part of an effort to frame Christie as a politician who's unafraid to share "hard truths."