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Dear John,
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It didn’t take long for former President Donald Trump to reveal his plans for Social Security if he wins a second term in office. When asked about how he would handle seniors’ programs, he replied, “there is a lot you can do in terms of entitlements, in terms of cutting.”
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For too long, many GOP politicians have blamed Social Security for soaring budget deficits and called for huge cuts and radical “reforms” to shrink the program. (For the record, Social Security doesn’t add a dime to the deficits since it is funded by workers’ payroll contributions!).
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But the one solution that would actually strengthen benefits and improve Social Security’s solvency — without cutting seniors’ retirement security — never gets discussed by Republicans. The “Social Security 2100 Act” (H.R. 4583) would boost Social Security benefits and extend the solvency of the Social Security Trust Funds while not increasing taxes for anyone earning under $400,000.
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