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Insider’s Report: Former President Trump Goes on the Record for Cutting “Entitlements”
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Image Credit: Gage Skidmore
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During a CNBC interview on March 11, 2024, former President Donald Trump was asked if he’s changed his outlook on how he’ll handle Social Security, Medicare and Medicaid if he’s reelected. He replied, “there is a lot you can do in terms of entitlements, in terms of cutting.”
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As the presumptive Republican presidential nominee,
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former President Trump’s comments on Social Security and Medicare hold a lot of sway with his allies in Congress. And so we will be closely monitoring what he says about your earned benefits in the weeks and months ahead. Of course, it is also important to reflect on the actions of the former president when he was in office when it came to funding seniors’ programs …
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As the presumptive Republican presidential nominee, former President Trump’s comments on Social Security and Medicare hold a lot of sway with his allies in Congress. And so we will be closely monitoring what he says about your earned benefits in the weeks and months ahead. Of course, it is also important to reflect on the actions of the former president when he was in office when it came to funding seniors’ programs …
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As a reminder, the former president issued a Social Security Payroll Tax Cut Executive Order during his administration, which if it had been made permanent would have starved the Social Security program of critical revenue. He also included devastating cuts to Social Security, Medicare and Medicaid in every single one of his budget proposals.
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There is also concern if the former president wins a second term in office, he will seek to weaken critical drug pricing reforms that are helping lower the cost of prescription drugs for seniors. In fact, former Department of Health and Human Services (HHS) Secretary Alex Azar, who served under the Trump administration, bashed the Biden administration's program for negotiating lower Medicare drug prices with pharmaceutical companies, calling it "price fixing." The truth is no drug manufacturer is required to participate in drug price negotiation.
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Former President Trump could also attack Social Security by going after the Cost-of-Living Adjustments (COLAs). He could freeze future benefits by either reducing or eliminating the Cost-of-Living Adjustments (COLAs) and claim he made no cuts to Social Security funding. Congressional Republicans claim that wouldn’t be an out and out “cut” but every Social Security beneficiary who would lose all or part of their COLA would certainly know it was a cut.
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With so much at stake during this critical presidential election year, please help the National Committee remind U.S. Senators and Representatives why Social Security and Medicare are so important to millions of older Americans and why you reject any proposal that would harm your earned benefits by signing our EMERGENCY PETITION TO CONGRESS today!
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President Biden’s Budget Prioritizes Seniors’ Financial Security
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While Republicans have long advocated cutting Americans’ earned benefits and have proposed a fiscal commission designed to do just that, the President Biden’s fiscal year 2025 budget “upholds his commitment to protecting Medicare and Social Security for this and future generations.” The White House budget document pledges to defend both programs against benefit cuts.
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President Biden calls for extending the solvency of the Social Security trust fund by demanding that the highest-income earners pay their fair share in payroll contributions. The White House budget also urges that seniors receive a boost in benefits, which currently average a modest $1,900 per month. Read more about what’s in the President’s budget here.
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Ask Us!
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Whether you’re retired or approaching retirement, our team of experts in the field of Social Security policy is available to answer your questions about benefits.
You can either search our archives for valuable advice on a broad range of concerns or submit your question here.
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This week’s question is:
I turned 65 and my Social Security check was reduced $105 for Medicare coverage. Will my next COLA increase be based on the amount of money I was receiving prior to the Medicare reduction or the amount after the reduction?
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Click here to read the answer.
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Ask Us
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Whether you’re currently retired or approaching retirement, we can help answer your questions and provide valuable advice on Social Security.
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Join Now/Donate
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Your support sustains our campaigns in Washington to protect and strengthen Social Security and Medicare.
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Social Security Benefits
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Learn more about the Social Security program and the policies the National Committee supports that would strengthen your earned benefits.
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Our senior political director, Dan Adcock, pushed back on Trump's declaration that he's open to cutting "entitlements" — and says opponents of Social Security & Medicare want to create a fiscal commission to give Congress cover for slashing benefits. See his appearance on C-SPAN's Washington Journal. (March 15, 2024, CSPAN interview)
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Watch Here →
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Our elder care system can be confusing, especially when it comes to home-based care. Luckily, we have an expert on the podcast, Ann Horton, former Executive Director of the Home Care Association of Maryland and DC, to help us navigate the seniors' home care maze. (March 7, 2024, “You Earned This” Podcast, National Committee to Preserve Social Security and Medicare)
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Listen Here →
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“The chronically underfunded (Social Security Administration) has been struggling to provide proper customer service — including field office closures, long wait times on SSA’s 1-800 phone line, and excessive delays in disability insurance hearings,” Max Richtman, President and CEO of the National Committee to Preserve Social Security and Medicare, said in a statement. (March 11, 2024, CNBC, Lorie Konish)
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Read Here →
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Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, said Monday in a statement that while Republicans “have long advocated cutting Americans’ earned benefits and have proposed a fiscal commission designed to do just that, the President’s FY25 budget upholds his commitment to protecting Medicare and Social Security for this and future generations.” (March 11, 2024, Think Advisor, Melanie Waddell)
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Read More →
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Research has consistently found that, overall, U.S. prescription drug prices are significantly higher, sometimes two to four times as high, compared with prices in other high-income industrialized countries. (March 6, 2024, Kaiser, Samantha Putterman)
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Read More →
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With 33 million enrollees, Medicare Advantage plans now cover more than half of all total Medicare beneficiaries. And while there are major concerns about the program’s cost — as much as $140 billion annually to taxpayers over traditional Medicare — equally if not more concerning is the way MA plans often block access to care through “prior authorization.” (March 6, 2024, The American Prospect, Matthew Cunningham-Cook)
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Read More →
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If President Joe Biden's new budget is approved, beneficiaries could see significantly lower costs on Medicare Part D prescriptions. (March 13, 2024, Newsweek, Suzanne Blake)
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Read More →
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