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