|STEPHEN OHLEMACHER, Associated Press|
"America can preserve the health and retirement safety net and rein in long-term spending growth by modernizing
Loveman, who chairs the
The proposal comes as Republican leaders in
The group has been an ally of Obama in the past, endorsing his proposal to raise taxes on high earners during negotiations over the so-called "fiscal cliff" in December. Obama has embraced some parts of the business group's plan for
The proposal to offer private plans as part of
"These ideas were soundly rejected in the last election only a few months ago," said
The CEOs' plan puts them at odds with many groups that lobby on behalf of older Americans.
In a speech this week,
"This is pure folly and very dangerous," Rand said.
Retirees can now get reduced