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allegorical oracle

(6,510 posts)
Fri Jul 4, 2025, 10:19 AM Jul 2025

Social Security beneficiaries slam agency's pro-Trump email

Social Security beneficiaries and other people in the program’s database do not appear to appreciate a recent email from the department praising the passage of President Donald Trump’s budget.

snip

The email, containing a message from Trump-appointed Social Security Commissioner Frank Bisignano, claims Trump’s budget “ensures that nearly 90 percent of Social Security beneficiaries will no longer pay federal income taxes on their benefits.”

snip

“We rated that statement Mostly False,” said Politifact analyst Louis Jacobson. “The bill will provide a tax break for Americans ages 65 and over, but it won’t eliminate the Social Security tax entirely. Some 24 million Social Security beneficiaries will still be taxed on some of their checks from the program, according to Congress’ bipartisan Joint Committee on Taxation’s staff director. Many of those are younger than 65 and thus ineligible for the new tax deduction.”

Jacobson added that the resulting reduction in payments to the Social Security trust fund will mean benefit cuts to beneficiaries will likely come sooner as the fund is threatened with insolvency.

https://www.alternet.org/seniors-social-security-trump-budget/

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Response to allegorical oracle (Original post)

CousinIT

(12,602 posts)
3. There are THREE backdoor CUTS to Social Security which will cause a 20% reduction in payments starting in 2030
Fri Jul 4, 2025, 10:43 AM
Jul 2025

Last edited Fri Jul 4, 2025, 12:38 PM - Edit history (1)

1. No taxes on tips and overtime - that's billions of dollars in Social Security revenue that is not collected.

2. Most or all of the immigrants' social security numbers have been invalidated, so they can't work, and immigrants are being deported. Immigrants pay BILLIONS into Social Security while never receiving benefits since they are not citizens.

3. "No tax on social security" (as their silly email claims . Cutting taxes on Social Security also takes billions out of the trust fund. NOTE: I'm told these taxes were not eliminated, but instead, seniors on Social Security who pay taxes on Social Security will get an extra deduction. That does not take from the trust fund but is just a regular tax deduction for some seniors (not high-income seniors or those whose Social Security isn't taxed).

4. The Trump taxes (tariffs) will increase inflation, thereby increasing the COLA from Social Security, which will cost it more as a result.

AT LEAST THREE OF THESE will cause Social Security to be unable to pay full benefits starting in 2030 or so instead of the previous date that this would have happened - 2033 or 2034.

UNLESS Congress gets off their asses and does something to fix this, Social Security will only pay 80-85% of benefits starting in about 2030, thanks to DONALD TRUMP and Republicans, their incessant lies and seething hatred of this program, which has been undeniably the most successful anti-poverty program in the United States.

https://archive.ph/kNAIp

kimbutgar

(27,340 posts)
4. I got one today and thought it was spam at first
Fri Jul 4, 2025, 01:01 PM
Jul 2025

And no the big bill will not help working and elderly Americans.

madinmaryland

(65,746 posts)
6. I got it today also. I read the first sentence and knew it was pure propaganda.
Fri Jul 4, 2025, 01:12 PM
Jul 2025

Ugh. What a waste of tax payer money.

rhiannon55

(2,790 posts)
5. I read that, too
Fri Jul 4, 2025, 01:11 PM
Jul 2025

And I couldn’t believe it was real. I despise those traitors with every fiber of my being. I’m 73 years old, and if I’m lucky, I won’t be here when the hammer falls.

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