Trump calls for Social Security cuts for fourth consecutive year
It's that time of the year again, folks. And, no, I'm not talking about tax season.
The first quarter of every calendar year is traditionally when a sitting president will release their federal budget proposal for the upcoming fiscal year (a federal fiscal year ends on Sept. 30 and begins on Oct. 1). Although presidential budget proposals often prove to be nothing more than talking points, with the actual spending bills passed by Congress rarely mirroring what the president suggested, one aspect of Trump's latest budget proposal has people talking.
Trump's proposal calls for $4.8 trillion in federal spending for fiscal 2021, and would include a modest increase in defense spending and a substantive boost in funding for artificial intelligence. The president's budget also provides an outline over the next 10 years that would reduce federal outlays and save the government $4.4 trillion.
While there are numerous pages of proposals that detail how these savings would arise, one cut, in particular, stands out.
In Trump's fiscal 2021 budget, he calls for a reduction in outlays to the Social Security program of $24 billion over the next decade. More than half of these savings would be derived from changes made to Social Security's Disability Insurance (SSDI) program.
https://www.msn.com/en-us/money/retirement/trump-calls-for-social-security-cuts-for-fourth-consecutive-year/ar-BB10eNUa?li=BBnbfcL
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