General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's backdoor cuts and proposed defunding of Social Security
1. Putting immigrants on the dead list. If they cant work - and they can't without a social security number - thats money that doesnt go into the social security system. Huge cut.
2. No taxes on social security - those taxes go INTO THE SOC SEC TRUST FUND (not the treasury), so thats a huge direct cut.
3. No taxes on tips. Some of those taxes go to Social Security. Removing the taxes is a cut to Social Security.
4. No taxes on overtime. Same as taxes on tips. Removing those taxes is a cut to Social Security.
5. And the last is the biggest: Eliminating income taxes. How is Social Security funded? INCOME TAXES. So that is directly defunding social security.
HE KNOWS HES DOING THIS.
Hes not only DESTROYING the Social Security Admin so it cannot function AT ALL and so he and other billionaires can then ROB the trust fund or privatize it he is ALSO DEFUNDING IT ie: death by many cuts and ultimate defunding.
And he wont stop UNLESS HE IS STOPPED.

Rincewind
(1,306 posts)income taxes, it is entirely funded by the social security payroll tax.
CousinIT
(11,298 posts)...if income taxes are eliminated, then that will be gone as well. Idiot has floated this before.