Just so you should understand….
Right now?
The Social Security and medicaid is good for decades….
Donald Trump want’s to defund your retirement money….
Eliminating the payroll tax could deplete the Social Security trust fund within three years if there’s no alternative source of revenue, according to the agency’s chief actuary.
The analysis was done at the request of four Democratic senators, who asked the agency to run the numbers after President Donald Trump said he would terminate payroll taxes if he’s reelected.
“We will be, on the assumption I win, we are going to be terminating the payroll tax after the beginning of the new year,” Trump said earlier this month, adding that it would save families thousands of dollars.
Only Congress could eliminate the payroll tax, and there’s little support for it right now on either side of the aisle. It would do nothing to help the millions of Americans out of work because of the coronavirus pandemic and not getting paychecks.
Trump claims that eliminating the tax would have no impact on Social Security, though, because the money would be shifted from the government’s general fund. That, also, would require an act of Congress. The actuary’s analysis was based on hypothetical legislation that would not take money from the general fund.
The Democrats should attack Trump mercilessly on this.
Over and over again.
This is a big deal to Seniors.
Senate and Congressional candidates should demand their Republican opponents take a stand ,now.
Yup Jack….
The senior vote has slipped away from Trump….
This could add more of the 30-40 year olds….
My oldest son says to me maybe they’ll have Social Security like you Dad?
That’s another vote gone…..