In August, Donald Trump signed an executive order allowing employers to defer the payroll tax -- Social Security’s main funding source -- until next year. Trump has said he’ll make that change permanent if re-elected, setting Social Security on a course for insolvency by 2026.
Stephen C. Goss, the Chief Actuary of the Social Security Administration, has this warning for us: “The choice before Congress and the American people is really rather simple. We’re going to have to increase the revenue by about one third or reduce the schedule benefits by about one fourth.”
If Social Security runs dry, millions of Americans will suffer -- especially Americans of color, who disproportionately rely on the program and often have no other steady and secure income in retirement.
With new atrocities filling our news feeds every day, our attention has strayed from the real and pressing threat Trump poses to the future of Social Security. We need to speak up and speak out in order to stop him -- and we can’t do it without you. If you agree that we MUST keep Social Security strong, please, lend your voice to ours now before it’s too late. Tell us now:
