“SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” the 45th president straightforwardly wrote on Truth Social.
Taxation on Social Security dates back to a bipartisan reform measure signed into law by former President Ronald Reagan in 1983 that was intended to shore up the solvency of the program’s trust fund.
Generally speaking, there is a tax of up to 50% tax on one’s Social Security benefits if total income is between 25,000 and $34,000 – and up to an 85% tax on benefits when income is over $34,000, according to the Social Security Administration.
Throughout his 2024 campaign, Trump has demanded that Republicans refrain from cutting “a single penny” from Medicare or Social Security.
At one point, he suggested he was open to entitlement reform on CNBC’s “Squawk Box” but his campaign quickly backtracked. . . .
Meanwhile, the Congressional Budget Office and other organizations have projected that the trust funds behind Social Security and Medicare will run dry at some point by the mid-2030s.
Should that happen, there will be at least an automatic 21% cut to Social Security benefits and an 11% reduction in Medicare Part A benefits — absent any remedies from Congress. . . .
Personally, I think it is stupid stupid stupid that Social Security benefits are subject to Federal income tax but not subject to Social Security taxes.
It should be the other way around. Any taxes levied on Social Security should be paid in 100% to the SS trust fund. Instead 10% of funneled to everything but Social Security. (In effect it is just stealing money to pay for their pet projects.)
While I agree that SS should not be taxed (it was a tax when t was taken from you), there are two words that no politician should ever utter together in an election unless its to say how the other side will kill them… social and security.
Forcing seniors to pay income tax, but not social security tax is in effect just seizing money out of social security and putting it into everything else government-related. The fact that they temporarily passed some of the money through the hands of seniors does not change that basic math.
i’m not bothered at all. i expect sheep to bleat. you now have a nominee who could never have won a primary herself, never mind an election. enjoy the sugar high, it will all crash soon.
you think trump is panicked? your nominee is the result of your panic.
of course. the fact your nominee was gifted the nomination she could never earn is irrelevant. obviously
definitely not DEI!
Her biggest qualification for being VP was being a Black Woman (1/2 anyway), and her biggest qualification for the gifted nomination is your party couldn’t skip over the Black Woman (1/2 anyway)
Of course not. But there are plenty of (D)s who would rather see someone else over Harris. Your statement: “The only people who are bothered by Harris stepping up when Biden stepped down is Trump supporters…” is pure fabrication like we’ve come to expect from you.
