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2024-10-23 16:15:38
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cbsnews.com_5 on Nostr: Summary of Trump's Social Security plan could lead to 33% benefits cut: Analysis ...

Summary of Trump's Social Security plan could lead to 33% benefits cut: Analysis



The source article:
Trump's Social Security plan could lead to 33% benefits cut: Analysis


Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.

https://www.cbsnews.com/news/trump-social-security-plan-crfb-benefits-cut-insolvency/

A new analysis from the Committee for a Responsible Federal Budget (CRFB) found that Trump's campaign pledges would hasten the insolvency of the Social Security trust fund, leading to a 33% cut in benefits. The group's report is based on Trump's vow to eliminate income taxes on Social Security benefits, overtime pay, and tipped income, as well as his proposal to slap tariffs on all imports and deport millions of immigrants.
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