Trump SCRAMBLES To Cover Up Catastrophic Financial Bombshell
October 26, 2024
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6:03Now PlayingTrump SCRAMBLES To Cover Up Catastrophic Financial Bombshell
YouTube Description
as posted by the channelDonald Trump scrambles to avoid giving full answer to one of his own supporters over his plans for social security and medicare benefits, as reports prove his tax cut proposals and other extreme campaign promises will decimate social security funds. John Iadarola and Yasmin Kahn break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Trump has promised to protect Social Security. His proposals could lead to benefit cuts in 6 years
"Former President Donald Trump has long vowed to protect Social Security. But the bevy of tax breaks he’s promised – including pledging to stop taxing Social Security benefits – could hasten the depletion of the beloved entitlement program’s trust funds and leave seniors with smaller monthly payments.
Trump’s platform would drain critical tax revenue from Social Security’s trust funds, leading them to run out of money by 2031 – three years earlier than currently projected, according to a new analysis from the Committee for a Responsible Federal Budget, a nonpartisan government watchdog. That would force a roughly 30% cut in benefits unless Congress acts.
“I don’t think I’ve ever seen a plan that would have this big of a negative effect on solvency in a general election campaign,” Marc Goldwein, the committee’s senior policy director, told CNN."
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