Sen. Bernie Sanders (I-Vt.) announced plans to a press conference Tuesday on the dangers of a Republican plan to cut social safety net programs Social Security, Medicare and Medicaid, according to Fire Dog Lake.

Sanders and other opponents oppose a Fiscal Summit scheduled with House Budget Committee Chair Paul Ryan (R-WI), House Speaker John Boehner (R-OH), Sen. Rob Portman (R-OH), former Sen. Alan Simpson, Treasury Secretary Tim Geithner and former President Bill Clinton. The Republican plan, known as the Bowles-Simpson deficit reduction plan, targets social safety net programs by raising the retirement age, cutting benefits and restructuring the programs.

Sanders' press secretary Jeff Frank tweeted a photo of protestors gathered outside the fiscal summit.

The press conference is planned along with National Organization for Women president Terry O’Neill, National Committee to Preserve Social Security and Medicare president Max Richtman, Campaign for America’s Future co-director Roger Hickey and Global Policy Solutions president Maya Rockeymoore.

Watch the live stream, broadcast via UStream, scheduled to start on May 15 at 1:30 p.m. Eastern.

Live video from your Android device on Ustream