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Remember When Donald Trump Promised to Save Social Security?
Last edited Tue Apr 18, 2017, 05:33 PM - Edit history (1)
SafetyPin-Daily? @SafetyPinDaily 1h1 hour ago
Remember When Donald Trump Promised to Save Social Security? | By @helaineolen
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Remember When Donald Trump Promised to Save Social Security?
Instead, the administration is reportedly considering a plan to eliminate the payroll tax and replace it with a VAT.
By Helaine OlenTwitter
Today 7:00 am
Trump_jointspeech1_ap_img
President Trump delivers his first address to a joint session of Congress from the floor of the House of Representatives in Washington, DC, February 28, 2017. (Jim Lo Scalzo / Pool Image via AP)
Donald Trumps self-proclaimed refusal to even contemplate cuts to Social Security during last years presidential race reeked of a con for a basic reason: It almost certainly was one. His statements were simultaneously strident, certain, and vagueall too reminiscent of Trump Universitys get-rich-quick, positive-thinking vibe. I am going to save Social Security without any cuts. I know where to get the money from. Nobody else does, he once tweeted. Another time, at a 2016 campaign rally, he claimed, Were going to save your Social Security without killing it like so many people want to do.
Its all but certain these sorts of sentiments helped Trump prevail in the Republican primary, where competitors ranging from Marco Rubio to Ted Cruz seemingly competed to see who could toss more future senior citizens under the bus. Its also likely they had an impact in the November election as well. Trump denied he wanted to make cuts to the program. Why worry?
Now, details of a possible Trump administration plan for Social Security are emerging, and you dont need any knowledge at all of whats in his still-unreleased tax filings to know it will favor the Trump family bottom lineat the expense of yours and mine. Thats how Donald Trump rolls.
According to the Associated Press, someone described as a lobbyist with close ties to the Trump administration, is promoting a scheme that would do away with the 12.4 percent payroll taxwhich is jointly paid by workers and their employersand replacing it something resembling a value-added tax (VAT). The money raised by the new tax would be used to fund Social Security. As the Associated Press reported, This approach would give a worker earning $60,000 a year an additional $3,720 in take-home pay. A tax cut! What could go wrong?........................
The Nation? Verified account @thenation 1h1 hour ago
Wait till you see what they want to do to Social Security now. http://bit.ly/2pdB2SL
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Remember When Donald Trump Promised to Save Social Security? (Original Post)
riversedge
Apr 2017
OP
riversedge
(70,302 posts)1. Retiring within the next 10 years? you SHOULD be Scared at what #PaulRyan wants to take from your #S
Terese Zimmerman? @TZZToday Apr 12
Retiring within the next 10 years? you SHOULD be Scared at what #PaulRyan wants to take from your #SocialSecurity
Hortensis
(58,785 posts)2. Having to keep a constant watch to the right is
throwing my neck out of whack.
The pubs counted on using the taxpayer dollars freed up by slashing medical coverages under the ACA to offset big tax cuts for the top 0.1%.
Plan B to come through for the wealthy could be this attempt to eliminate the 15+% payroll tax for Social Security, which of course also funds Medicare! With great pretense of replacing the funding elsewhere, of course. Uh-huh.
I just became eligible for both SS and MC myself, but I hope they go for it. Soon would be great--in time to help, for instance, Mr. Ossoff win the runoff election in Georgia.