SS recipients, beware and don't forget!!

kadefol

In August, Trump issued an executive order deferring payroll taxes, which he’s promised to make permanent if he is reelected. He has not laid out any clear alternative plan to fund Social Security.

Social Security’s chief actuary says that terminating Social Security’s dedicated funding, with no plans to pay it back, would destroy the program by 2023. Disability insurance, another core element of Social Security, would be gone by 2021.”

Yet Trump’s promise to de-fund and destroy Social Security could easily have gotten lost in the daily chaos. It isn’t getting a lot of attention on cable news, perhaps because reporters are convinced Trump couldn’t possibly intend to destroy America’s most successful and popular government program — even though he’s promised to do so over and over again.

trump all set to destroy social security

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Comments (12)
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paprikash

SS will be just fine. EVERY election the dems trot out their scare the seniors lie.

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socks(10a)

Vote.

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sheesh(5b)

Vote.

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loonlakelaborcamp(3 A/B)

President Trump only wanted this year's payroll SS and Medicare deductions "forgiven", but that is not happening. Congress made certain you'd have to pay back this year's savings starting January 1st.

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Gizmo

paprikash

SS will be just fine. EVERY election the dems trot out their scare the seniors lie.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

It's done to remind people that Republicans want it gone!

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Iris GW

Congress made certain you'd have to pay back this year's savings

It was never a savings. It was a deferment. And those who didn't do it (my employer didn't do it and lots didn't) would be paying for some of the benefits of those who did. No thanks.

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maifleur03

I wonder why given Trump's comments about making the deferral permanent people think that is just a deferment to the next year whatever that next year is. If it can be deferred as an example to 2021 the same deferral can be deferred for years to come. When do those that think this is only a deferral for a short time think the payment will be made if the required payment is simply deferred?

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kadefol

paprikash

SS will be just fine. EVERY election the dems trot out their scare the seniors lie.


loonlakelaborcamp(3 A/B)

President
Trump only wanted this year's payroll SS and Medicare deductions
"forgiven", but that is not happening. Congress made certain you'd have
to pay back this year's savings starting January 1st.

Trump has stated several times that he wants to make the payroll tax holiday permanent if he gets reelected, but he has not stated what monies he will use instead to fund SS.

And I second what socks and sheesh wrote, get out there and VOTE!!

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bob_cville

He's said in very plain language that he plans to do something, the result of which will be no money for SS. And yet the Trump supporters here believe that he means something else by it.

Keep guzzling that koolaid.

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kadefol

Although Trump articulated several plans for payroll taxes, it remains the case that he did at one point say he would “terminate the tax.” Doing so would remove the overwhelming majority of funding for the two benefits that comprise Social Security: Old-Age and Survivors Insurance (OASI), and Disability Insurance (DI), known collectively as OASDI. According to the federal Social Security Administration, fully 89% of OASDI came from payroll taxes in 2019.

It is reasonable to suppose that removing so much funding for Social Security, without replacing it, would pose a threat to the continued existence of Social Security itself and its associated OASDI benefits. In his Aug. 8 remarks, Trump made no reference to a plan for replacing the funding that would be lost if he carried out his stated intention to terminate payroll taxes, nor has he done so anywhere else. (Snopes asked the White House and the Trump campaign to provide details on how the president intends to cover the shortfall in Social Security funding, but we did not receive a substantive response from either.)

Since Trump has publicly articulated an intention to eliminate payroll taxes, and he has not accompanied that with any proposal to replace the taxes as a source of Social Security funding, it is reasonable to argue that, as Social Security Works and Common Dreams did, Trump’s payroll tax proposals, as they stand, could effectively spell the end of Social Security.

https://www.snopes.com/fact-check/trump-terminate-social-security/

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Stars Inthesky

This is so important, had to bring it back up.

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kadefol

^^ It really is, I hope all those who expect to depend on SS, or already do, will pay attention.

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