Social Security

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. …

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

Despite ‘Frantic’ Walk-Back Efforts, Group Says Trump Threat to Destroy Social Security Must Be Believed—and Defeated

As the White House scrambles to contain the political backlash sparked by President Donald Trump’s latest threat to defund Social Security if reelected in November, one progressive advocacy group said Trump’s long history of attacking the New Deal program means he should be taken at his word—and diligently opposed—when he openly states his intention to …

Despite ‘Frantic’ Walk-Back Efforts, Group Says Trump Threat to Destroy Social Security Must Be Believed—and Defeated Read More »

Progressives Call Trump Executive Orders What They Are: IIllegal. Inadequate. Misleading. ‘A Disgrace.’ ‘A Sham.’ ‘A Cruel Joke.’

Wholly inadequate. Illegal. Misleading. “A failure.” “A disgrace.” “A sham.” “A cruel joke.” Progressive critics and Democratic lawmakers did not need the help of even the Republican U.S. Senator who used the phrase “unconstitutional slop” to describe President Donald Trump’s slate of executive orders—signed Saturday at his private golf club in New Jersey—to rack up …

Progressives Call Trump Executive Orders What They Are: IIllegal. Inadequate. Misleading. ‘A Disgrace.’ ‘A Sham.’ ‘A Cruel Joke.’ Read More »

Vowing to Defend Retirees, Biden Denounces ‘New, Reckless War on Social Security’ by Trump

Presumptive Democratic presidential nominee Joe Biden has hit back against President Donald Trump’s open threat on Saturday to make permanent the payroll tax which funds both Social Security and Medicare, two of the nation’s most popular and vital safety net programs. Even as White House officials on Sunday did their best to walk back Trump’s …

Vowing to Defend Retirees, Biden Denounces ‘New, Reckless War on Social Security’ by Trump Read More »

Progressives Say Call Trump Executive Orders What They Are: IIllegal. Inadequate. Misleading. ‘A Disgrace.’ ‘A Sham.’ ‘A Cruel Joke.’

Wholly inadequate. Illegal. Misleading. “A failure.” “A disgrace.” “A sham.” “A cruel joke.” Progressive critics and Democratic lawmakers did not need the help of even the Republican U.S. Senator who used the phrase “unconstituional slop” to describe President Donald Trump’s slate of executive orders—signed Saturday at his private golf club in New Jersey—to rack up …

Progressives Say Call Trump Executive Orders What They Are: IIllegal. Inadequate. Misleading. ‘A Disgrace.’ ‘A Sham.’ ‘A Cruel Joke.’ Read More »

Elizabeth Warren Leads Charge Against Trump, Denouncing ‘Dubious’ Executive Orders as ‘Cruel Joke’ on American People

Wholly inadequate. Illegal. Misleading. “A failure.” “A disgrace.” “A sham.” “A cruel joke.” Progressive critics and Democratic lawmakers did not need the help of even the Republican U.S. Senator who used the phrase “unconstituional slop” to describe President Donald Trump’s slate of executive orders—signed Saturday at his private golf club in New Jersey—to rack up …

Elizabeth Warren Leads Charge Against Trump, Denouncing ‘Dubious’ Executive Orders as ‘Cruel Joke’ on American People Read More »

Trump Just Admitted on Live Television He Will ‘Terminate’ Social Security and Medicare If Reelected in November

President Donald Trump on Saturday afternoon openly vowed to permanently “terminate” the funding mechanism for both Social Security and Medicare if reelected in November—an admission that was seized upon by defenders of the popular safety net programs who have been warning for months that the administration’s threat to suspend the payroll tax in the name …

Trump Just Admitted on Live Television He Will ‘Terminate’ Social Security and Medicare If Reelected in November Read More »

Retirees Vow to ‘Fight This Attempt to Gut Social Security’ as Trump Announces Executive Order to Suspend Payroll Tax

An advocacy group representing more than four million American retirees warned Thursday that President Donald Trump took a dangerous step toward “single-handedly” dismantling Social Security by announcing he plans to sign an executive order suspending collection of the payroll tax as early as Friday afternoon. With congressional negotiations over the next Covid-19 stimulus package still …

Retirees Vow to ‘Fight This Attempt to Gut Social Security’ as Trump Announces Executive Order to Suspend Payroll Tax Read More »

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 …

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

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 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 …

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

‘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 …

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