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Insider’s Report: What does Project 2025 mean for seniors?
Donald Trump’s ill-conceived plans for a second term presidency would devastate the financial health of Social Security and lead to huge benefit cuts, as new analysis from the Committee for a Responsible Federal Budget confirms. While the National Committee supports the reduction of
taxation on Social Security benefits, we oppose the former president’s proposal to eliminate the taxes on benefits that help fund the system, and any other measure that would deprive Social Security of much needed revenue.
Donald Trump’s ill-conceived plans for a second term presidency would devastate the financial health of Social Security and lead to huge benefit cuts, as new analysis from the Committee for a Responsible Federal Budget confirms. While the National Committee supports the reduction of taxation on Social Security benefits, we oppose the former president’s proposal to eliminate the taxes on benefits that help fund the system, and any other measure that would deprive Social Security of much needed revenue.
Instead, we believe the best way to reduce taxation on Social Security benefits is to pass U.S. Representative John Larson’s (CT-01) bill, “The Social Security 2100 Act” (H.R. 4583), because it is paid for, makes other important benefit improvements and extends the solvency of the Social Security program — unlike Trump’s plans.
It is irresponsible for a presidential candidate to advocate plans that would hasten the depletion of the Social Security trust fund reserves, triggering an even larger automatic benefit cut if that happens.
As a reminder, during his presidency, Donald Trump:
Suspended the payroll tax that funds the Social Security program ( [link removed] ) — and hoped it would be eliminated;
Called for slashing Medicare, Medicaid and Social Security Disability Insurance (SSDI) by billions of dollars in every White House budget ( [link removed] ) he put forward; and
Said earlier this year that “there is a lot you can do in terms of entitlements, in terms of cutting.” Then he tried to walk back these comments.
Donald Trump also once called Social Security a “Ponzi Scheme.” And he’s spread misinformation about the Social Security program. Check out our latest Vote4Social Security video today ( [link removed] ) and learn about the latest myths being pushed by some of the 2024 candidates about Social Security.
Time and again, Trump has chosen political expediency without considering — or caring about — the consequences. Despite his posturing, the former president is no friend to Social Security or American seniors.
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Make a donation now to help us keep the pressure on Congress. Your continued support is essential to the National Committee's mission. ( [link removed] )
New Podcast Episode: Vote4Social Security: Max the Mythbuster Part 2
Check out the National Committee’s latest “You Earned This” podcast episode. ( [link removed] ) Our President & CEO, Max Richtman — aka “Max the Mythbuster” — is back to bust more Social Security myths. It’s important for voters to know that these are myths — including the falsehoods that “undocumented workers are collecting Social Security!” This is the final episode of our special Vote4SocialSecurity voter education series.
Last Chance to Review Our Congressional Scorecard
The election is just four days away! If you haven’t had an opportunity to review the National Committee’s 2024 Congressional Scorecard ( [link removed] ), please take a moment to do so now! Our Scorecard will tell you exactly how your members of Congress voted on key bills that could impact programs critical to seniors
With so much at stake in this historic election, rest assured the National Committee is working in the final days before Election Day to inform congressional candidates and incumbents about the urgent need to protect and strengthen Social Security and Medicare for millions of retirees in America. We serve as your voice in Washington!
Ask Us!
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 ( [link removed] ) for valuable advice on a broad range of concerns or submit your question here ( [link removed] ).
This week’s question is:
My husband and I ran a construction company for 20 plus years. After he had a heart attack, we had to close down. We always filed jointly as a married couple, but his Social Security benefit is almost twice what I get. Why?
Click here to read the answer. ( [link removed] )
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Ask Us
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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Your support sustains our campaigns in Washington to protect and strengthen Social Security and Medicare.
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Medicare Benefits
Learn more about the Medicare program and the policies the National Committee supports that would strengthen your health care.
Trump plan would make Social Security insolvent in just 6 years, budget group says ( [link removed] )
These findings are no surprise, given that Trump’s plans involve cutting taxes that bring significant revenue to Social Security’s trust funds, said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. “If you cut income taxes and cut payroll taxes, then you’re going to have an impact on Social Security,” Freese said. (October 18, 2024, CNBC, Lorie Konish)
Read More → ( [link removed] )
Social Security Check Cuts Update – New Date Announced If This Happens in November ( [link removed] )
The Social Security trust fund is projected to run out by 2033, with Trump’s proposed tax cuts potentially worsening its deficits. According to Maria Freese, senior legislative representative at NCPSSM, these findings are unsurprising given that Trump’s policies include tax cuts that generate significant cash for Social Security’s trust funds. (October 26, 2024, La Grada)
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NCPSSM’s Maria Freese on the Jeff Santos Show (video) ( [link removed] )
Medicare’s open enrollment period runs from Oct. 15 through Dec. 7 every year. Here are a few things all retirees need to know about it. (October 17, 2024, The Jeff Santos Show)
Watch Here → ( [link removed] )
Doing the right thing by the direct care workforce: Time to move forward, fast ( [link removed] )
“Eldercare operators, policy experts and advocacy organizations like ours are closely monitoring legislation that aims to block the Biden Administration’s final rule on nursing home workforce standards,” writes NCPSSM's senior health care expert, Anne Montgomery. (October 16, 2024, McKnights Long-Term Care News, Anne Montgomery)
Read More → ( [link removed] )
New Bill Calls for Study of Medicare's Toll-Free Line ( [link removed] )
Dan Adcock, Director of Government Relations & Policy at the National Committee to Preserve Social Security and Medicare, told ThinkAdvisor that while the group has not taken a position on the bill, it agrees “that the wait times on the toll-free Medicare phone number should be reduced.” (October 24, 2024, Think Advisor, Melanie Waddell)
Read More → ( [link removed] )
U.S. Sen. Martin Heinrich Cosponsors Bill To Protect Medicare & Social Security For New Mexico’s Seniors ( [link removed] )
U.S. Senator Martin Heinrich (NM) cosponsored the Medicare and Social Security Fair Share Act, legislation that will ensure the long-term solvency of Medicare and Social Security by reversing inequities in the tax system so that high earners contribute a fairer share. The bill is endorsed by the National Committee to Preserve Social Security and Medicare. (October 25, 2024, Los Alamos Daily Post, Carol A. Clark)
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