Biden: “There will be no changes in Social Security”

[AnotherMcIntosh]

24. That, and another trick needs to be taken off the table.

Prior to Reagan, all Social Security benefits were tax exempt.

In 1983, Reagan reduced Social Security benefits for some recipients by making 50% of their benefits subject to federal taxation.

In 1983, Clinton further reduced Social Security benefits for some recipients by making 85% of their benefits subject to federal taxation.

After the election, a president who is inclined to do so can further reduce Social Security benefits with Congress by making 100% of Social Security benefits taxable or some percentage above the current 85%.

We have to be aware of this trick when there is a purported effort to "simplify" taxes. When Reagan cut Social Security benefits under this approach, the MSM ignored it and otherwise promoted spokesmen who repeatedly claimed that Reagan lowered taxes. Likewise, when Clinton reduced benefits under this approach, the MSM focused on other things.