As our nation mourns the loss of Justice Ruth Bader Ginsburg, we must recommit ourselves to RBG’s legacy of fighting for justice. We honor the heroism of Justice Ginsburg’s life and career through our collective action―fighting for equal rights for all. ―The Americans for Tax Fairness Action Fund Team
John,
When issuing his executive order, suspending Social Security’s payroll tax contributions, Donald Trump stated: “If I’m victorious on November 3, I plan to … make permanent cuts to the payroll tax. I’m going to make them all permanent. In other words, I’ll extend them beyond the end of the year and terminate the [payroll] tax.”[1]
Now, we’ve learned from Social Security’s Chief Actuary that if Trump is successful in defunding Social Security beyond the end of this year, Social Security disability benefits will completely end in 2021 and benefits for everyone else will be toast in 2023.[2]
Social Security is a critical issue for millions of voters. That’s why we’ve created the infographic, in Frank's email below, to educate the American people on Joe Biden vs. Donald Trump on Social Security.
To bring the infographic below, and more like it, to millions of voters between now and Election Day, chip in $5 to Americans for Tax Fairness Action Fund today.
Together, we’re defending Social Security and demanding a tax system and economy that works for everyone, not just the wealthy few.
Andrea Haverdink
Digital Director
Americans for Tax Fairness Action Fund
[1] “Trump promises permanent cut to payroll tax funding Social Security and Medicare if he’s reelected,” Washington Post, Aug. 8, 2020
[2] "Eliminating payroll tax could deplete Social Security by 2023, chief actuary warns," CNN, August 24, 2020
-- Frank's Email --
John,
Last week’s infographic was a huge success, receiving massive attention on social media―educating voters about how Joe Biden’s and Donald Trump’s tax plans will impact our country’s future.
In our latest infographic, we take a look at Biden vs. Trump on Social Security.
One candidate will strengthen Social Security by having the wealthy pay taxes on all of their wages above $400,000―they currently stop paying the tax at about $138,000 in wages. Biden will use that revenue to increase the minimum Social Security benefit and ensure the program can pay full benefits for decades.
The other―Donald Trump―has spoken about “terminating” the payroll tax that funds Social Security, which would effectively kill the program by 2023.
Social Security is critical to the financial stability of tens of millions of families―seniors, people with disabilities, veterans, children and surviving spouses. It’s also the most successful social insurance program in our country’s history.
Check out our second infographic below: Biden vs. Trump on Social Security. Then pitch in $5 to help us educate millions of voters on which candidate’s plan would strengthen Social Security and which would destroy it within just three years.
Recently, Social Security’s Chief Actuary wrote a letter to Congress stating that without payroll tax contributions, Social Security’s Trust Fund will run out of money in 2023, with the disability trust fund running out even sooner.
In response, what did Congressional Republicans do? Sen. Steve Daines (R-MT) and Rep. Kevin Brady (R-TX) doubled down on Trump’s recent actions, each introducing legislation to cancel employees’ payroll contributions the remainder of this year. [1] [2] This is an assault on the future of Social Security and provides little to no aid to working families.
Donate to Americans for Tax Fairness Action Fund today to help us educate the American people on Joe Biden vs. Donald Trump on Social Security.
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We must fight back against the relentless attacks on our earned benefits, which are critical to our economic security.
Thank you,
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
[1] “Daines to Introduce Payroll Tax Cut Relief Bill Following President Trump’s Executive Order,” Press Release, Aug. 8, 2020
[2] “Top Republican offers bill to create payroll tax holiday,” The Hill, Sept. 11, 2020
