Social Security Works

Confirming Progressive Warnings, Social Security Actuary Says Trump Payroll Tax Cut Would Effectively Destroy Program by 2023

The Social Security Administration’s chief actuary estimated late Monday that eliminating the payroll tax would fully deplete Social Security’s disability and old-age trust funds by 2023, confirming the disastrous consequences progressive advocacy groups and lawmakers have been warning of since President Donald Trump threatened earlier this month to “terminate” the levy if reelected in November. …

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GOP Coronavirus Relief Package to Include Romney Bill That Would ‘Fast-Track Social Security and Medicare Cuts’

Shortly after publicly ditching one attack on Social Security—the payroll tax cut—Senate Majority Leader Mitch McConnell confirmed Thursday that the Republican coronavirus relief package will include legislation sponsored by Sen. Mitt Romney that one advocacy group described as an “equally menacing” threat to the New Deal program. In a speech on the Senate floor, McConnell …

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Congress Urged to Reject ‘Hostage-Taking’ as Trump Threatens to Veto Any Covid-19 Bill That Doesn’t Cut Social Security

With President Donald Trump reportedly telling Republican lawmakers in private he will not sign Covid-19 relief legislation that doesn’t include a cut to the payroll tax—the primary funding mechanism for Social Security—advocacy groups urged Congress to “call Trump’s bluff” and pass a stimulus bill free of any stealth attacks on the New Deal program. “Cutting …

Congress Urged to Reject ‘Hostage-Taking’ as Trump Threatens to Veto Any Covid-19 Bill That Doesn’t Cut Social Security Read More »

House Dems Introduce Bill to Prevent Big Pharma Price-Gouging During Covid-19 Pandemic

On the heels of polling that showed 88% of Americans worry Big Pharma will exploit the ongoing pandemic to hike drug prices, House Democrats on Monday introduced two bipartisan bills to prevent price-gouging for Covid-19 treatments and vaccines and to strengthen oversight of federal spending on coronavirus research and development. “Promoting transparency and reasonable pricing …

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House Democrats Who Join Forces With GOP in Plot Against Social Security Threatened With Billboard Campaign

Earlier this month, 30 House Democrats joined dozens of their Republican colleagues in signing a letter endorsing legislation that has been condemned as a plot to cut Social Security benefits behind closed doors. Now those Democrats are feeling the heat from their constituents and advocacy groups that caught wind of the bipartisan letter (pdf), which …

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‘Outrageous, Callous, and Cruel’: Seniors Rip Trump for Holding Covid-19 Relief Hostage to Push Social Security Cuts

Grassroots advocacy groups representing millions of retirees and seniors across the United States are speaking out against and urging Congress to oppose President Donald Trump’s threat to block desperately needed Covid-19 relief legislation if it does not slash the payroll tax, which funds Social Security and Medicare. “It is outrageous, callous, and cruel for President …

‘Outrageous, Callous, and Cruel’: Seniors Rip Trump for Holding Covid-19 Relief Hostage to Push Social Security Cuts Read More »

Trump Says He Won’t Approve Covid-19 Package Without Tax Cut That Offers Zero Relief for 30 Million Newly Unemployed

President Donald Trump on Sunday said he will not approve another badly needed Covid-19 stimulus package if it doesn’t include a payroll tax cut, a policy that would strike a blow to Social Security and Medicare funding while offering no relief for the more than 30 million people who have lost their jobs over the …

Trump Says He Won’t Approve Covid-19 Package Without Tax Cut That Offers Zero Relief for 30 Million Newly Unemployed Read More »

‘Pathetic’: Trump Says No to Additional Covid-19 Stimulus Checks, Backs Cutting Tax That Funds Social Security Instead

Dear Common Dreams Readers:Common Dreams is the one news source that cares about making the world a better place. We don’t just transcribe the events of the day, checking our values at the door. We believe in providing the news in a way that makes a better world possible. And that is needed now more …

‘Pathetic’: Trump Says No to Additional Covid-19 Stimulus Checks, Backs Cutting Tax That Funds Social Security Instead Read More »

‘A New Roadblock’: IRS Gives Social Security Recipients Until Wednesday to File for $500 Payments for Their Children

This is a developing story… Check back for possible updates… The Internal Revenue Service is facing backlash following its announcement late Monday that recipients of Social Security and Railroad Retirement benefits have until 12:00 pm ET on Wednesday to file for $500 coronavirus stimulus payments for their dependent children. Those who miss the deadline—which the …

‘A New Roadblock’: IRS Gives Social Security Recipients Until Wednesday to File for $500 Payments for Their Children Read More »

House Democrats Urged to Remove ‘Insidious Attack’ on Social Security Hidden Within Senate Coronavirus Bill

Progressives are demanding that the Democrat-controlled House of Representatives prioritize removing a little-noticed provision in the massive Senate-passed coronavirus stimulus bill that would allow employers to stop paying into Social Security for at least the rest of the year—potentially threatening the program’s long-term financial health. “If Trump and Republicans retain power after November’s elections, they …

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