During Thursday night’s presidential debate, Vice President Biden hit President Trump over his promise to defund Social Security by eliminating the payroll tax and reminded the American people that Trump’s scheme would mean the end of all Social Security retirement benefits in 2023.
President Trump responded by repeating his baseless claim that Biden will “destroy” Social Security" while he would “never” cut Social Security.
In reality Donald Trump has spent 2020 telling the American public that he wants to cut Social Security. Most recently, he has proposed a plan to cut the payroll tax that funds the program. According to the Social Security actuary, if the Social Security payroll taxes were permanently terminated, the Disability Insurance (DI) Trust Fund would no longer be able to pay benefits in 2021, and the Old Age and Survivors Trust Fund would follow in 2023.
“President Trump says Joe Biden will cut Social Security if elected and he is lying. He is using this as a way to get back the senior votes that he has lost, and we see right through it,” said Joseph Peters, Jr., Secretary-Treasurer of the Alliance.
Joe Biden earned a 96% lifetime score in the Alliance’s Congressional voting record while serving as a Senator from Delaware. During his campaign, he has pledged to expand Social Security and Medicare benefits and will oppose raising the retirement age.
“Joe Biden can absolutely be trusted to put seniors’ interests first and protect Social Security,” added Peters. “We have seen him do that in the past, and we have no doubt that he will continue to do so as President.”