Donald Trump's Social Security Plan Could Backfire: Economist
==========
Donald Trump's plan to remove taxes on Social Security benefits could make the program insolvent; U.S. economy expert Veronique de Rugy warns that reducing Social Security taxes without reforming the program's benefits would cause more problems; About 40% of Social Security recipients currently pay federal income taxes on their benefits; Major shortfalls in the program may lead to insolvency by 2033; Removing taxes on Social Security income would be unfair and worsen income inequality; De Rugy criticizes the proposal as a way for politicians to reward voters; Experts believe Congress should have reformed the program more fundamentally in 1983; Trump's plan is part of his campaign for a second term in the White House against Vice President Kamala Harris
#DonaldTrump #SocialSecurity #Taxes #Insolvency #Benefits #IncomeInequality #Reform #Election
https://www.newsweek.com/donald-trump-social-security-plan-could-backfire-economist-1936299
Newsweek /
npub1ka…2agq5
2024-08-08 12:33:34
Author Public Key
npub1ka5jtasfg8rfe47ypj4x0a2d70fvaksu0u9z9rku70yc8hmjmu9sz2agq5Published at
2024-08-08 12:33:34Event JSON
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"content": "Donald Trump's Social Security Plan Could Backfire: Economist\n==========\n\nDonald Trump's plan to remove taxes on Social Security benefits could make the program insolvent; U.S. economy expert Veronique de Rugy warns that reducing Social Security taxes without reforming the program's benefits would cause more problems; About 40% of Social Security recipients currently pay federal income taxes on their benefits; Major shortfalls in the program may lead to insolvency by 2033; Removing taxes on Social Security income would be unfair and worsen income inequality; De Rugy criticizes the proposal as a way for politicians to reward voters; Experts believe Congress should have reformed the program more fundamentally in 1983; Trump's plan is part of his campaign for a second term in the White House against Vice President Kamala Harris\n\n#DonaldTrump #SocialSecurity #Taxes #Insolvency #Benefits #IncomeInequality #Reform #Election\n\nhttps://www.newsweek.com/donald-trump-social-security-plan-could-backfire-economist-1936299",
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