Tell Congress: "Donald Trump's executive order, instructing the Treasury Department to stop collecting payments into Social Security, raids Social Security's dedicated funding and threatens the economic security of millions of seniors and people with disabilities. Congress must take action to stop Trump's raid!" | Donald Trump is laying a trap to utterly destroy Social Security in his second term. It's up to us to stop him! SIGN NOW: Tell Congress to stand up to Trump's scheme to defund and destroy our Social Security system! Here's how Trump's scheme works: -
Social Security is funded primarily by FICA―which Trump calls the payroll tax. This is the line on every paycheck that says "Social Security." Trump has instructed the IRS to delay collecting Social Security contributions until the end of the year, forcing Social Security to dip into its $2.9 trillion surplus to make payments. - Trump has promised that if he's re-elected, he'll eliminate Social Security's dedicated funding completely―putting the trust fund on course for exhaustion by 2023.
- With Social Security's financing on track for total destruction, Republicans who have opposed Social Security for 85 years will have all the leverage to demand the cuts they've demanded for decades―privatization, means testing, raising the retirement age.
The time to stop this scheme is NOW! Tell Congress to STOP Trump's scheme to destroy our Social Security system! Thanks, Mike Phelan Progress America |
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