The only reason to support this policy over better targeted, more efficient measures is if your true goal is to undermine Social Security.
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John,

Last night at his briefing, Donald Trump addressed his scheme to defund Social Security by deferring FICA contributions as part of the COVID-19 crisis response:1

“There are many people who’d like to see it as a permanent tax cut [...] I would like to have it regardless of this.”

We sounded the alarm that this shift was on its way when businesses were authorized to defer payments into our Social Security system. Now, Trump has gone one step further and admitted that he favored defunding Social Security permanently, regardless of the COVID-19 crisis.

Trump’s war on seniors has gone too far. We’re fighting back! Chip in $7 to protect our Social Security system from Trump!

As a response to the coronavirus crisis, a so-called ‘payroll tax cut’ makes no sense. It’s slow, inefficient, and fails to get money into the pockets of those who need it most. So who benefits? This chart tells the story of Trump’s plan vs. a $2000 monthly direct cash payment:

President Trump, Members of Congress, and CEOs of Wall Street banks and Fortune 500 companies will benefit the most from a FICA cut.

The only reason to support this policy over better targeted, more efficient measures is if your true goal is to undermine Social Security.

Payroll contributions are Social Security’s dedicated revenue. They are premiums that workers pay every month in return for insurance against loss of wages due to old age, disability, or death of a breadwinner. They are the reason, as even conservative President Ronald Reagan understood, that Social Security does not add a penny to the deficit.2

Plutocrat-coddling politicians like Trump have come for Social Security before. They have tried privatizing Social Security. They’ve tried cutting benefits behind closed doors. Each time, they failed. So now, they are trying to “starve the beast” by eliminating Social Security’s funding. This is the most dangerous attack of all.

In this time of unprecedented crisis, we need to get assistance to people who need it the most without undermining their long-term financial security. Direct payments will do that. Increasing Social Security benefits will do that. Trump’s plan to reduce Social Security’s dedicated payroll contributions would do the opposite.

Our Social Security system has never missed a payment in its 84 years―through wars and now a pandemic. Social Security WORKS―and that’s exactly why Trump wants to destroy it. Chip in today to stop him!

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Thanks,

Michael Phelan
Social Security Works

1 https://twitter.com/atrupar/status/1247656626024263680
2 https://www.facebook.com/watch/?v=559999034429215

H Who We Are
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